Montel Logo

    Select your prefered language:

  • * Turkish edition by Montel-Foreks requires separate trial access or subscription.

Dark

Technical maintainance

Montel Online is currently unavailable due to technical maintenance.

Vi søker nå etter Senior Originator til vår avdeling Energimarked og Tjenester i enhet Energy Management.   Energy Management har ansvar for energiforvaltning og kraftmarkeder, og utgjør det stadig viktigere bindeleddet mellom forbruk og produksjon av fornybar energi. I rollen som Senior Originator vil du være en sentral bidragsyter til Aneo sine Nordiske vekstambisjoner både innen ny fornybar produksjon og elektrifisering. Du vil være tett på kunder og aktørene i kraftmarkedet med et ansvar for identifisering av kommersielle muligheter og realisering av finansielle og fysiske kraftavtaler. Du vil samarbeide bredt internt i Aneo og bidra med din kompetanse og markedsinnsikt i strategi og forretningsutvikling.Vi søker nå etter Senior Originator til vår avdeling Energimarked og Tjenester i enhet Energy Management.   Energy Management har ansvar for energiforvaltning og kraftmarkeder, og utgjør det stadig viktigere bindeleddet mellom forbruk og produksjon av fornybar energi. I rollen som Senior Originator vil du være en sentral bidragsyter til Aneo sine Nordiske vekstambisjoner både innen ny fornybar produksjon og elektrifisering. Du vil være tett på kunder og aktørene i kraftmarkedet med et ansvar for identifisering av kommersielle muligheter og realisering av finansielle og fysiske kraftavtaler. Du vil samarbeide bredt internt i Aneo og bidra med din kompetanse og markedsinnsikt i strategi og forretningsutvikling.Vi søker nå etter Senior Originator til vår avdeling Energimarked og Tjenester i enhet Energy Management.   Energy Management har ansvar for energiforvaltning og kraftmarkeder, og utgjør det stadig viktigere bindeleddet mellom forbruk og produksjon av fornybar energi. I rollen som Senior Originator vil du være en sentral bidragsyter til Aneo sine Nordiske vekstambisjoner både innen ny fornybar produksjon og elektrifisering. Du vil være tett på kunder og aktørene i kraftmarkedet med et ansvar for identifisering av kommersielle muligheter og realisering av finansielle og fysiske kraftavtaler. Du vil samarbeide bredt internt i Aneo og bidra med din kompetanse og markedsinnsikt i strategi og forretningsutvikling.

Showing 4401 of 21452 articles

UK imports no Russian fuel for first time on record

(Montel) The UK did not import any fuels from Russia in June for the first time since records…

Read more

S Africa coal imports to Europe jump 5-fold since invasion

(Montel) Europe’s taste for South African coal has grown sharply since Russia’s invasion of Ukraine six months ago,…

Read more

German power rises as French nuclear woes buoy supply fears

(Montel) German front-month power climbed on Wednesday – but was still below record highs hit earlier this…

Read more

Spain to avoid energy rationing this winter – minister

(Montel) Europe’s energy crisis could force some countries like Germany to introduce rationing measures this winter, but not…

Read more

French nuclear output to hit winter low in supply risk – EQ

(Montel) French available nuclear capacity will dive 6-8 GW year on year this winter to a record low,…

Read more

German industry needs to deepen gas demand cuts – official

(Montel) Germany needed to significantly reduce gas consumption ahead of winter to prepare for the prospect of Russia…

Read more

Germany plans to prioritise fuels transport via railways

(Montel) Germany has set out a legal framework to prioritise the transport of fuels via its railways to…

Read more

Nordic Q4 power jumps EUR 5 to record high on dry spell

(Montel) The Nordic front-quarter contract jumped EUR 5 to a fresh record high on Wednesday as drier…

Read more

German spot power to retreat amid rising wind output

(Montel) German day-ahead power prices looked set drop around EUR 26 on Wednesday as forecasts pointed to…

Read more

Brent crude holds above USD 100 ahead of US inventory data

(Montel) Oil prices were little changed early on Wednesday as participants awaited fresh weekly inventory data from the…

Read more

CO2 slips below EUR 90 as fuels fall

(Montel) European carbon prices slipped below EUR 90/t for the first time in eight days on Tuesday, while…

Read more

Polish industrials cut gas consumption on price surge

(Montel) Polish industrials Pulawy and Orlen announced this week they have cut production due to surging gas prices,…

Read more

Vattenfall rules out return of 1.6 GW coal plant in Germany

(Montel) Vattenfall is unable to resume commercial operations of its 1.6 GW hard coal-fired plant Moorburg in Germany,…

Read more

European spot power surges to new highs as crisis deepens

(Montel) Spot power prices across several European markets, including Germany, the Nordic region and France, skyrocketed to fresh…

Read more

Power bourses to hike price cap to EUR 5,000/MWh on 20 Sept

(Montel) European spot power exchanges will raise the price cap in the day-ahead markets to EUR 5,000/MWh,…

Read more

Gas prices soften but supply worries persist

(Montel) European gas prices softened in early Tuesday trading, after hitting multi-month highs on Monday, as participants awaited…

Read more

Ignitis sees 27% rise in H1 green output amid gas slump

(Montel) Lithuanian utility Ignitis saw power output from renewables jump 27% year on year to 0.88 TWh in…

Read more

EU coal terminal stocks rise to near 3-year high

(Montel) Coal inventories at northwest European ports have risen 2% on the week to their highest since October…

Read more

Rhine river levels to dip after brief recovery

(Montel) Heavy rainfall has lifted Rhine river levels from recent lows but continued dry weather meant they would…

Read more

1.1 GW Scottish wind farm to be fully operational H1 2023

(Montel) The 1.1 GW Seagreen offshore wind farm will be fully operational in the first half of 2023…

Read more

German spot power to extend record amid low green output

(Montel) German day-ahead power prices looked set to hit fresh record levels above EUR 600/MWh amid low renewables…

Read more

Oil prices bounce after Saudi Arabia hints of output cuts

(Montel) Oil prices rose early on Tuesday after Saudi Arabia suggested that the Opec+ alliance would be ready…

Read more

German 875 MW coal unit to return to market on 29 Aug

(Montel) Germany utility Uniper will return its 875 MW hard coal-fired unit Heyden 4 to the market under…

Read more

French regulator summons Iberdrola over terminated contracts

(Montel) France’s energy regulator, Emmanuelle Wargon, has summoned Spain’s Iberdrola to explain the firm’s decision to terminate about…

Read more

CO2 prices plummet by over EUR 5

(Montel) European carbon prices fell by more than EUR 5 on Monday as the potential for demand destruction…

Read more

Gas plants give Finnish reserve tender a miss

(Montel) Gas-fired power plants in Finland have not taken part in the country’s recent tender for reserve capacity…

Read more

Dutch govt to further subsidise filling of gas storage

(Montel) The Dutch government is in the process of setting aside more money to incentivise the filling of…

Read more

Gunvor, Vitol and others sign up to German gas aid scheme

(Montel) Major trading houses, including Gunvor and Vitol, have signed up to a German scheme compensating firms for…

Read more

German Cal 23 spirals more than EUR 100 on supply jitters

(Montel) Germany’s benchmark power contract surged more than EUR 100 to a fresh record on Monday, buoyed…

Read more

Nordic system price settles at new record near EUR 400/MWh

(Montel) The Nordic power system price for Tuesday delivery settled at a record EUR 392.23/MWh amid expectations of…

Read more

Norway power exports can’t be cut to curb prices – regulator

(Montel) Norway cannot cut power exports in order to help curb domestic electricity prices under the terms…

Read more

Spanish spot power set for EUR 20 gain on tighter supply

(Montel) Spanish spot power prices could rise around EUR 20 this week amid expectations of a tightening…

Read more

2.8 GW floating offshore wind capacity clears UK auction

(Montel) Crown Estate Scotland, the Queen’s property manager, has awarded seabed leasing agreements to three floating offshore wind…

Read more

TTF September gas jumps to contract high on NS1 concerns

(Montel) The TTF September contract jumped around 20% to a fresh high on Monday amid concerns of…

Read more

Germany may spare Isar 2 reactor, close remaining plants

(Montel) German economy minister Robert Habeck has reiterated his opposition to a lifetime extension for the country’s last…

Read more

German spot power eyes new record amid rising demand

(Montel) German day-ahead power prices looked set to extend a record high on Monday amid rising demand and…

Read more

Gas surges EUR 48 to near 6-month high on NS1 fears

(Montel) European gas prices spiked more than EUR 48 on Monday to a near six-month high amid concerns…

Read more

Oil prices continue fall on growing recession fears

(Montel) Oil prices were continuing their recent fall on Monday amid growing recession fears, particularly in China and…

Read more

UK industry warns of closures amid soaring power prices

(Montel) UK industry is warning of potential factory closures this winter as firms struggle to cope with soaring…

Read more

Gazprom to halt Nord Stream 1 for 3 days at end of Aug

(Montel) Russian gas giant Gazprom will stop flows over the 55bcm/year Nord Stream 1 undersea link with Germany…

Read more

Gas soars, CO2 hits all-time high

(Montel) Wholesale energy prices extended gains across the board on Friday, with gas prices soaring on supply concerns…

Read more

Carbon prices briefly touch new high above EUR 99/t

(Montel) Europe’s benchmark carbon price briefly traded above EUR 99/t for the first time, buoyed by expectations of…

Read more

Europe LNG discount to TTF hits record on Asia competition

(Montel) The discount offered for LNG arriving in Europe has deepened to a fresh record high of USD…

Read more

EC approves EUR 27.5bn German scheme to compensate industry

(Montel) The European Commission (EC) has approved a EUR 27.5bn German scheme to compensate energy-intensive companies for higher…

Read more

German power front year soars to new record EUR 565/MWh

(Montel) German front-year power extended its recent record high to EUR 565/MWh on Friday bolstered by shrinking supply…

Read more

EUAs climb to fresh 6-month high

(Montel) European carbon prices climbed to fresh six-month highs on the back of several bullish short-term signals on…

Read more

Price spike reveals Baltic import dependence – experts

(Montel) Wednesday’s price spike of EUR 4,000/MWh in the Baltics indicates that the region is highly dependent on…

Read more

Nordic front-year power hits new high amid supply squeeze

(Montel) Nordic power futures rose on Friday, with the front year marking a new contract high amid buoyant…

Read more

Heat to subside in Germany next month – forecasters

(Montel) Germany would see a revival in hot weather in the short-term, but conditions may cool with more…

Read more

German spot power to gain next week amid muted wind

(Montel) German spot power prices looked set to jump around EUR 80 next week as forecasts pointed…

Read more

Oil prices retreat amid renewed growth worries

(Montel) Oil prices slumped in early trading on Friday, snapping two consecutive days of gains amid renewed worries…

Read more

German gas levy to raise power prices by EUR 5 – Enervis

(Montel) The German gas levy announced this week will increase German spot power prices by EUR 5…

Read more

Croatia to double LNG terminal capacity to 6.1bcm

(Montel) The Croatian government will double the capacity of the LNG terminal on the island of Krk in…

Read more

Nordic TSOs urge Norway to drop export restrictions

(Montel) TSOs in Denmark, Sweden and Finland on Thursday called on Norway to drop plans to impose limits…

Read more

German THE gas hub raises fees on “difficult environment"

(Montel) German gas market operator Trading Hub Europe (THE) will introduce several levies on 1 October to…

Read more

German Cal power extends high as supply constraints persist

(Montel) Germany’s benchmark power price rose to a fresh high on Thursday amid buoyant gas markets and…

Read more

Polenergia to launch 145 MW of wind and solar by end 2022

(Montel) Polish utility Polenerga will launch 145 MW of wind and solar capacity by the end of the…

Read more

Gas prices jump amid continued supply fears

(Montel) European gas prices jumped on Thursday amid ongoing supply concerns and forecasts of hot, dry weather ahead.…

Read more

Export cut could provoke ”nightmare” retaliation – Statkraft

(Montel) Plans to curb power exports from Norway could provoke a “nightmare” tit for tat scenario where the…

Read more

Poland’s Columbus eyes 133 MW battery storage unit by 2027

(Montel) Columbus Energy, a developer of solar power in Poland, has acquired a company planning a 133 MW…

Read more

Eurowind to launch 214 MW of onshore wind in Poland by 2024

(Montel) Eurowind Energy, a developer of renewables based in Denmark, plans to launch 214 MW of onshore wind…

Read more

PGNiG’s power output jumps 50% in H1, profit triples

(Montel) Polish energy firm PGNiG’s power generation jumped 50% year on year to 2.8 TWh in January-June, while…

Read more

German spot power to ease on weaker demand

(Montel) German day-ahead power prices looked set to ease from a record high on Thursday amid expectation…

Read more

Oil prices edge up on signs of improving demand

(Montel) Oil prices edged up in early trading on Thursday after official US data indicated a pick-up in…

Read more

Price cap lowers Spanish spot power by EUR 49.85 – ministry

(Montel) A cap on gas prices for Iberian power generation led to a EUR 49.85/MWh drop in Spanish…

Read more

CO2 rises EUR 3 on tight supply, eyes new highs

(Montel) European carbon prices rallied more than EUR 3 on Wednesday amid a gloomy outlook for power…

Read more

Gas prices edge up as energy supply concerns persist

(Montel) European gas prices edged higher on Wednesday as persisting drought hampering some power generation boosted demand for…

Read more

German power rally continues amid strong energy complex

(Montel) German power prices extended gains on Wednesday, helped by firm gas, coal and carbon prices as well…

Read more

Gas cuts brought Uniper to “brink of insolvency” – CEO

(Montel) Uniper, Germany’s biggest gas importer, was on the “brink of insolvency” in the wake of Russia…

Read more

Nordic system price hits fresh record on low supply

(Montel) The Nordic system price hit an all-time high of EUR 322.28/MWh for Thursday amid low supply from…

Read more

Fuel transport crisis along Rhine could persist – experts

(Montel) Dry weather forecasts point to little respite for barge transport of coal, oil and other key commodities…

Read more

EDF to repair small corrosion cracks at Flamanville 2 – ASN

(Montel) EDF will need to repair small stress corrosion cracks found at its 1.3 GW Flamanville 2 nuclear…

Read more

Carbon marches above EUR 95/t as August rally extends 20%

(Montel) Europe's benchmark carbon price surpassed EUR 95/t for the first time in six months on Wednesday, thanks…

Read more

German spot power eyes new record high on solar drop

(Montel) German day-ahead power prices looked set to extend a record high as forecasts on Wednesday called…

Read more

Uniper hedges 90% of 2023 output at EUR 41/MWh

(Montel) German utility Uniper had sold 90% of its 2023 German power at a price of EUR…

Read more

Uniper posts H1 net loss of EUR 12bn on curbed gas flows

(Montel) Uniper has posted a net loss of EUR 12bn for the first half of 2022 largely…

Read more

Norsk Hydro shuts output at 2.4 TWh Slovakian smelter

(Montel) Norwegian aluminium group Norsk Hydro will stop primary aluminium production at its Slovalco smelter in Slovakia by…

Read more

Norway strike could hit 1 GW of smelter demand from Monday

(Montel) An expansion of an ongoing strike in Norway could hit two aluminum smelters in central and northern…

Read more

Gas prices extend 5-month highs on supply fears

(Montel) European gas contracts surged to fresh highs on Tuesday afternoon as fears of tight supply this winter…

Read more

French power prices surge above EUR 1,000/MWh

(Montel) French power prices soared to new record levels across the curve on Tuesday amid a continued…

Read more

Power bourses set to hike price cap to EUR 5,000/MWh – TSO

(Montel) European spot power exchanges will soon raise the price cap for the day-ahead markets to EUR…

Read more

Gas prices hit 5-month high amid rising demand

(Montel) European front-month gas prices soared to a new five-month high on Tuesday boosted by rising demand –…

Read more

Baltic day-ahead power soars to EUR 4,000/MWh for one hour

(Montel) Baltic day-ahead power prices reached a EUR 4,000/MWh price ceiling for one hour as supply failed to…

Read more

German Cal 23 power breaches EUR 500/MWh for first time

(Montel) Germany’s benchmark power contract on Tuesday breached EUR 500/MWh for the first time, taking a cue from…

Read more

Germany faces “new energy challenges” this winter – minister

(Montel) Germany is facing “new challenges” in terms of energy supply this winter, said energy and economy…

Read more

German LNG terminals to operate at capacity from year end

(Montel) Two German floating LNG terminals – due online by year end – will operate at full…

Read more

Nordic Q4 power jumps EUR 15 amid supply concerns

(Montel) Nordic power prices extended the previous day’s gains on Tuesday amid ongoing concerns about tight supply this…

Read more

Power exports not risking security of supply – Statkraft CEO

(Montel) The head of Norwegian power producer Statkraft has dismissed concerns electricity exports to neighbouring countries are endangering…

Read more

Rhine river levels sink to new lows

(Montel) Europe’s ongoing drought has pushed levels on the Rhine river to new record lows, threatening to halt…

Read more

German spot power eyes record EUR 540 on falling renewables

(Montel) German day-ahead power prices looked set to surge to a new record high exceeding EUR 500…

Read more

Oil prices continue fall on weak China economic data

(Montel) Oil prices continued their recent fall on Tuesday to around their lowest point since before Russia invaded…

Read more

Norway power export restrictions not imminent – PM

(Montel) Norway has no imminent plans to curb electricity exports even though the government is assessing how to…

Read more

CO2 briefly breaches EUR 90/t

(Montel) European carbon prices briefly breached EUR 90/t for the first time since 1 July on Monday, with…

Read more

Germany sets gas levy at EUR 24.19/MWh

(Montel) Germany has set a new gas levy of EUR 24.19/MWh – to help companies struggling with…

Read more

Sept TTF climbs on storage demand, lower Norway supply

(Montel) The TTF front-month gas contract rose on Monday on the back of storage demand and maintenance…

Read more

Nordic power futures jump 13% despite wet outlook

(Montel) Nordic power futures jumped around 13% early on Monday as high spot prices and strong fuels markets…

Read more

Norway earns record EUR 13bn as gas exports surge in July

(Montel) Norway earned a monthly record NOK 128.4bn (EUR 13bn) from gas exports in July, with its gas…

Read more

German spot power to gain on flagging wind, demand boost

(Montel) German day-ahead power looked set to jump over EUR 30 on Monday amid a forecast drop…

Read more

Brent crude oil slips below USD 98/bbl

(Montel) Crude oil prices fell by over USD 1 in early trading on Monday amid signs of increased…

Read more

Poland adds 0.3 GW renewables in June

(Montel) Poland added 0.3 GW of renewable power capacity in June, bringing the country's total to 20.6 GW,…

Read more

Gas rebounds amid ongoing supply crisis

(Montel) European gas prices clawed back earlier losses on Friday afternoon as ongoing concerns about a curtailment of…

Read more

Spain could boost gas export capacity to France by 30%

(Montel) Spain could boost its gas export capacity to France by 30% in two to three months,…

Read more

Nordic power futures rise as spot settles near year high

(Montel) Nordic power futures were rising on Friday afternoon following a strong spot settlement for Saturday – the…

Read more

German front-year power rises as gas fears persist

(Montel) German front-year power edged higher on Friday amid ongoing gas supply uncertainty, while stronger carbon prices…

Read more

Berlin to support new gas link from Spain to Germany– Scholz

(Montel) German chancellor Olaf Scholz has announced his support – but not pledged financial aid – for…

Read more

NS1 flows to double from current levels in winter – analysts

(Montel) Russian gas flows via the Nord Stream 1 pipeline to Germany are expected to double from current…

Read more

Polish power output falls 4% in July – TSO

(Montel) Polish power output fell 4.2% year on year to 13.8 TWh in July amid a decline in…

Read more

German hot, dry spell to persist until Sept after brief rain

(Montel) Germany would see some initial rainfall next week, providing relief from the current drought conditions, though the…

Read more

ENBW trading arm sees 12% hit to earnings in H1

(Montel) Earnings at ENBW’s thermal generation and trading business fell by 12% in the first six months…

Read more

Brent crude oil slips back below USD 100/bbl

(Montel) Crude oil prices edged lower in early trading on Friday, retreating from one-week highs reached in the…

Read more

CO2 hits 6-week high on strong fuels, equities

(Montel) European carbon prices hit a six-week high above EUR 88/t on Thursday in reaction to higher gas…

Read more

Naturgy LNG unit earnings flip from loss to EUR 0.3bn profit

(Montel) H1 earnings before interest and tax at Spanish energy firm Naturgy’s LNG unit flipped from a…

Read more

Fortum dismisses calls to restart 565 MW coal-fired plant

(Montel) Finnish energy group Fortum has no plans to bring its partially owned Meri-Pori coal-fired plant in Finland…

Read more

Incomplete NS1 documents threaten full restart – Gazprom

(Montel) Incomplete and erroneous documentation from Germany is preventing the overhaul and maintenance of turbines required for full…

Read more

Gas prices rise as supply concerns persist

(Montel) European gas prices rose on Thursday, extending this week’s gains as concerns about potential winter supply shortages…

Read more

Costs jump 30-40% to curb French green growth – analysts

(Montel) Surging material costs for French renewables projects – up more than a third in a year…

Read more

Nordic Q4 power trades flat despite wetter outlook

(Montel) Nordic power futures traded flat to higher on Thursday as stronger gas and German power prices…

Read more

RWE to restart 3 lignite units (900 MW) this winter

(Montel) German utility RWE will restart three lignite units – Neurath C (292 MW), Niederaussem E (295…

Read more

IEA raises global oil demand outlook on fuel switching

(Montel) The International Energy Agency has modestly raised its global demand outlook for this year due to a…

Read more

Orsted’s H1 power output rises 39%

(Montel) Danish energy group Orsted generated 14.8 TWh of electricity in the first six months of 2022, up…

Read more

Oil prices trade flat as US inflation pressure eases

(Montel) Crude oil prices traded little changed early on Thursday as signs of easing inflationary pressure in the…

Read more

RWE trading earnings rise 4% in H1

(Montel) RWE’s trading division earnings rose 3.8% in the first half of the year amid a “strong…

Read more

Coal jumps near 10% on fuel supply issues

(Montel) Near-term European coal prices surged by 9% on Wednesday as German water authorities forecast river levels…

Read more

Rhine coal transport set to grind to a halt – forecasters

(Montel) Coal deliveries along Germany’s Rhine to power plants are likely to grind to a halt as…

Read more

German power curve tracks gas, coal to fresh high

(Montel) Germany’s benchmark power contract climbed to a record high on Wednesday, tracking increases in near-term prices…

Read more

Gas prices jump EUR 10 on fears of prolonged shortage

(Montel) Front-month gas on the Dutch TTF hub jumped EUR 10 – though prices were still in…

Read more

Sweden becomes Europe’s largest power exporter in H1

(Montel) Sweden overtook France as the biggest net exporter of electricity in Europe during the first half of…

Read more

High prices to curb German gas use this winter – Eon

(Montel) Skyrocketing gas prices could curb consumption from private households and industrials this winter, German utility Eon, one…

Read more

Nordic power futures rebound on dry weather outlook

(Montel) Nordic power futures prices rose early on Wednesday, rebounding from the previous session’s drop as weather forecasts…

Read more

Early outlook shows normal winter, average heating demand

(Montel) Early indications are pointing to a mild winter in Europe, with average heating demand, forecasters told Montel…

Read more

Acer spells out power bidding zone options for 5 countries

(Montel) EU energy regulatory agency Acer has spelled out options for TSOs in five countries to consider as…

Read more

EDF sues French state for EUR 8.3bn over power sales

(Montel) French utility EDF is suing the state for EUR 8.3bn after the government forced it to…

Read more

Oil prices soften amid lingering demand concerns

(Montel) Crude oil prices slipped in early trading on Wednesday as concerns about sluggish global demand outweighed signs…

Read more

UK’s Centrica to buy 1m tonnes/year of US LNG

(Montel) UK energy firm Centrica has agreed to buy 1m tonnes of US LNG annually over a 15-year…

Read more

Eon hedges 90% of its 2022 nuclear generation at EUR 78/MWh

(Montel) Eon subsidiary Preussen Elektra had hedged 90% of this year’s nuclear power generation in Germany by…

Read more

Eon “open to discussion” on nuclear lifetime extension

(Montel) German utility Eon is open to discuss the operational extension of its 1.4 GW nuclear reactor Isar…

Read more

EU gas storage goal likely in winter “tightrope walk”

(Montel) Europe could achieve its gas storage goal of 80% of capacity before November but faces a…

Read more

Carbon prices extend 4-week high

(Montel) Europe’s benchmark carbon price extended a four-week high on Tuesday, buoyed by the prospect of rising demand…

Read more

Denmark sees record 53.3% share of renewables in H1

(Montel) Renewable energy accounted for a record 53.3% share of power consumption in Denmark in the first six…

Read more

German power falls with weakening fuel prices

(Montel) German power futures edged lower on Tuesday, retreating from recent contract highs amid flagging coal and gas…

Read more

Scottish Power eyes green H2 plant of “several hundred” MW

(Montel) Scottish Power and Hutchison ports plan a “multi-hundred MW green hydrogen production facility to help decarbonise…

Read more

TTF gas front-month contract slumps to 2-week low

(Montel) Europe’s benchmark gas contract fell to its lowest level in two weeks on Tuesday amid high…

Read more

Nordic Q4 power dives EUR 15 on wetter outlook

(Montel) The Nordic front-quarter power contract slid EUR 15 to EUR 235/MWh on Tuesday, depressed by wetter forecasts,…

Read more

German spot power to hold above EUR 340/MWh on low wind

(Montel) German day-ahead power prices looked set to remain above EUR 340/MWh as forecasts indicated that relatively low…

Read more

Neoen, Equinix sign 10-year wind PPA in Finland

(Montel) French renewables developer Neoen and German counterpart Prokon have signed a 10-year power purchase agreement (PPA) to…

Read more

Cez hedges 70% of 2023 power output at EUR 90.50/MWh

(Montel) Czech utility Cez had hedged 33 TWh, or 70%, of next year’s power production at an average…

Read more

Oil prices trade flat on weak economic backdrop

(Montel) Oil prices were trading flat on Tuesday amid a weak economic backdrop that indicated a dent to…

Read more

Gas prices ease slightly amid thin liquidity

(Montel) European gas prices eased slightly amid thin liquidity on Monday as the market continued to focus…

Read more

Gasum executives quit to form new energy consultancy

(Montel) Mikko Askolin and Dan Sandin have left Finnish energy major Gasum to form a new Helsinki-based energy…

Read more

Lithuania plans to more tightly regulate power suppliers

(Montel) Lithuania’s energy ministry said on Monday it plans to tighten regulations governing electricity suppliers after one company…

Read more

German Cal 23 power hits new high on soaring fuels

(Montel) The German front-year power contract reached another record high on Monday amid super strong fuels prices.…

Read more

Spanish spot power to trade flat amid steady demand, supply

(Montel) Spanish spot power prices would hover around EUR 140/MWh on average this week amid expectations of…

Read more

Gas prices fall with European injections "going great guns"

(Montel) European gas prices were falling on Monday with storage injections in the region “going great guns” ahead…

Read more

Nordic power futures rise on winter supply concerns

(Montel) Nordic power prices rose on Monday – albeit down from the record highs reached last week –…

Read more

France extends cooling limit exemption for nuclear plants

(Montel) The French government has extended the raising of the limits governing the temperature of river water…

Read more

German spot power edges lower on more wind

(Montel) German day-ahead power prices looked set to ease on Monday amid higher wind generation.…

Read more

Oil edges up amid strong demand indicators, supply fears

(Montel) Oil prices were edging up on Monday amid strong demand indicators and on persistent concerns around supply…

Read more

Contaminants risk UK-EU gas market links – EDF

(Montel) Hazardous contaminants in the gas the UK is preparing for export to the EU are threatening…

Read more

France to become net power importer after 20+ years

(Montel) France looks set be a net power importer this year due to record low output at…

Read more

Coal hits 7-week low amid healthy supply

(Montel) European coal prices extended their losses for a sixth consecutive day to a near two-month low on…

Read more

French pledge bimonthly progress reports on reactor outages

(Montel) The French government plans to give progress reports – "probably bimonthly" – about the status of outages affecting…

Read more

German Cal 23 power falls from record on easing gas

(Montel) German front-year power retreated on Friday from a new record high under pressure from weaker gas futures.…

Read more

Astora offers 7.3 TWh additional gas storage at Austria unit

(Montel) Gas storage operator Astora is offering 7.3 TWh of additional capacity at the Haidach unit in Austria,…

Read more

Germany dry spell set to hamper power production to Sept

(Montel) Germany is set to see a warm, dry spell continue to September, forecasters said on Friday, with…

Read more

Carbon hits 2-week high as auction volumes plunge

(Montel) European carbon prices climbed for the fifth consecutive session on Friday supported by a 50% reduction in…

Read more

German spot power to jump EUR 20 next week as heat lingers

(Montel) German spot power prices looked set to rise around EUR 20 next week from current levels…

Read more

France invokes crisis measures amid heatwave, drought

(Montel) French prime minister Elisabeth Borne on Friday put the country on a “crisis” footing amid the country’s…

Read more

Oil prices rebound from pre-Ukraine war lows

(Montel) Brent crude oil prices edged up on Friday morning after hitting their lowest levels since Russia invaded…

Read more

Coal prices fall amid Rhine bottleneck

(Montel) European coal prices were falling on Thursday as port stocks were full amid low river levels, particularly…

Read more

Norway to curb power exports on hydro dearth – minister

(Montel) Norway is looking to implement measures to curb its power exports as the country faces a shortage…

Read more

France agrees emergency gas market measures

(Montel) The French parliament has agreed emergency gas market measures, including the building of a 50 TWh/year LNG…

Read more

France to raise Arenh sales 20% as part of emergency bill

(Montel) The French parliament has agreed to a 20% increase -- to 120 TWh/year – of regulated Arenh…

Read more

Record gas storage injections likely to falter – think tank

(Montel) Net gas injections into European storage facilities reached a record 44.5bcm between April-July but rising demand and…

Read more

German utilities warn of output cuts amid low river levels

(Montel) Some German utilities have warned of potential output curbs from this week as low river levels and…

Read more

Nordic power drifts sideways but bullishness remains

(Montel) Nordic power futures were trading sideways after Wednesday’s large drop as the underlying momentum in the market…

Read more

Asia-Pacific coal prices slip to 2-week low

(Montel) Asia-Pacific benchmark coal prices have fallen to their lowest in nearly two weeks amid subdued demand and…

Read more

Eesti Energia’s power output rises 56% in Q2

(Montel) Eesti Energia’s power generation rose 56% year on year to 1,408 GWh in the second quarter, as…

Read more

German spot power dips on more wind, waning demand

(Montel) German day-ahead power prices looked set to drop on Thursday amid forecasts for stronger wind production…

Read more

US Freeport LNG confirms plant restart in October

(Montel) US Freeport LNG has said it will resume production – at about 55mcm/day – at its Texas…

Read more

Oil prices linger near 3-week low amid demand worries

(Montel) Brent crude oil prices were trading near a three-week low early on Thursday amid concerns about…

Read more

NS1 turbine return “impossible” due to sanctions – Gazprom

(Montel) The return of a gas turbine Russia’s Gazprom claims is crucial to pump gas through the Nord…

Read more

CO2 jumps EUR 1.50 on auction supply cut

(Montel) European carbon prices rallied EUR 1.50 to a two-week high on Wednesday supported by the reduced supply…

Read more

Opec+ agrees to adjust up September output 0.1m bbl/day

(Montel) Oil cartel Opec and its Russia-led allies, so-called Opec+, have agreed to raise September's crude output…

Read more

Indonesia raises August coal price on EU demand

(Montel) Indonesia's energy ministry on Wednesday set its August coal reference price at USD 321.59/t, up 0.8% from…

Read more

German power curve extends gains on fuels rally

(Montel) Prices on Germany’s power curve extended gains on Wednesday, although failed to approach the previous day’s…

Read more

Record low Rhine river levels cloud winter coal outlook

(Montel) Rivers levels on Germany’s main conduit – the Rhine – for transporting coal to power plants have…

Read more

France achieves 80% gas storage target ahead of deadline

(Montel) France’s gas storage facilities have reached the EU’s target of 80% capacity three months ahead of…

Read more

Gas front month holds above EUR 200 on tight supply

(Montel) Europe’s benchmark TTF gas price hovered above EUR 200/MWh in early trading on Wednesday amid ongoing concerns…

Read more

Nordic power futures slide EUR 5 on wet outlook

(Montel) Nordic power futures slid EUR 5 on Wednesday as the latest forecasts indicated wetter and windier weather,…

Read more

NS1 gas turbine ready for transport to Russia – Scholz

(Montel)  A gas turbine blamed for curbed flows through the Nord Stream 1 pipeline is in a…

Read more

EDF warns of up to 3.8 GW cuts on cooling issues

(Montel) French utility EDF warned on Wednesday of potential output cuts of up to 3.8 GW at its…

Read more

German spot power eyes gains amid hot spell, strong gas

(Montel) German day-ahead power prices looked set to rise on Wednesday amid stronger spot gas prices and…

Read more

Denmark’s Tyra gas field to stay closed until winter 2023/24

(Montel) Denmark’s largest gas field, Tyra, will remain closed for maintenance until winter 2023/24, a delay of around…

Read more

Oil prices trade mixed ahead of Opec+ meeting

(Montel) Crude oil prices traded narrowly mixed early on Wednesday when producers from Opec and its Russia-led partners…

Read more

New levy “last straw” for German gas consumers – analysts

(Montel) A new government levy on gas bills could be the “last straw” for some German consumers,…

Read more

Norway TSO calls on Equinor to keep 150 MW gas plant open

(Montel) Norwegian TSO Statnett has requested that energy company Equinor does not shut down its 150 MW Mongstad…

Read more

High prices curb German energy use in H1

(Montel) Germany’s primary energy consumption fell 3.5% year on year in the first half of 2022 to 1,653…

Read more

Germany details plan to wean off Russian gas by 2024

(Montel) Germany has detailed plans to be mostly independent of Russian gas by 2024 by replacing 50-60% of…

Read more

German Cal 23 power surges to record high on gas rally

(Montel) German front-year power hit a fresh record high on a contract basis above EUR 400/MWh on Tuesday…

Read more

Gas prices extend gains on Russian supply risks

(Montel) European gas prices extended the previous day’s gains on Tuesday amid ongoing Russian supply risks and concerns…

Read more

Nordic Q1 power hits fresh high above EUR 300

(Montel) Nordic power futures hit fresh highs on Tuesday – with the Q1 contract hitting EUR 301/MWh –…

Read more

Spanish LNG imports set to increase 30% in August – TSO

(Montel) Spain’s LNG imports should jump 30% year on year to almost 28.4 TWh (2.5bcm) in August,…

Read more

German spot power to jump EUR 20 amid hot spell

(Montel) German day-ahead power prices looked set to jump around EUR 19 on Tuesday as a renewed…

Read more

BP’s global gas production up 6% as H1 earnings triple

(Montel) UK oil and gas major BP on Tuesday reported a 6% year-on-year rise in gas production in…

Read more

Oil prices continue fall amid poor economic indicators

(Montel) Oil prices continued their fall for a second consecutive session on Tuesday amid a slew of poor…

Read more

Spain to launch 3.3 GW green tender in November

(Montel) Spain plans to launch a green tender for 3,300 MW of renewables capacity on 22 November amid…

Read more

Spain gas consumption rises 12% in July

(Montel) Spanish gas consumption rose 12.2% year on year in July to 31.2 TWh, thanks to record…

Read more

Carbon prices gain amid auction supply reduction

(Montel) European carbon prices rose in Monday trading, buoyed by a sharp reduction in auction volumes this month…

Read more

German power futures rise in line with gas market

(Montel) German power futures contracts increased on the back of higher gas prices on Monday and traders…

Read more

Europe’s coal share seen at 5% of mix by 2030 – analyst

(Montel) Coal-fired generation will decline to just 5% of Europe’s energy mix by the end of the decade…

Read more

Iberdrola buys 100 MW of solar and wind projects in Poland

(Montel) Spanish utility Iberdrola has reached a preliminary agreement to buy two wind farms and six solar…

Read more

Renewables share of UK power mix slumps to 10-month low

(Montel) Renewable energy sources accounted for just 29% of the UK’s power mix in July – the lowest…

Read more

Spanish spot power to hover above EUR 140/MWh

(Montel) Spanish spot power prices could average above EUR 140/MWh this week, little changed from last week,…

Read more

Spain adds 500 MW renewables capacity in July

(Montel) Spain connected 495 MW of renewable power capacity last month, with 158 MW coming from wind…

Read more

Gas prices rise as Russia deepens export cuts to EU

(Montel) European gas prices edged higher early on Monday after Russia further cut gas deliveries to the EU,…

Read more

Nordic Sept power extends high on winter supply concerns

(Montel) Nordic front-month contracts hit fresh highs on Monday amid persisting concerns about a winter supply crunch in…

Read more

Ample supply to cap gains in coal prices

(Montel) European coal prices would likely remain under some pressure this week, despite persisting generation demand and gas…

Read more

Gazprom gas exports to Europe slump 35% in Jan-Jul

(Montel) Gazprom's gas exports to Europe dived 35% in the first seven months of the year, the Russian…

Read more

Spain’s power generation jumps 18% in July, exports surge

(Montel) Spain’s power generation rose 18.1% year on year in July to 25 TWh, with gas-fired generation…

Read more

German spot power to remain above EUR 400 on low wind

(Montel) German day-ahead power prices looked set to ease slightly on Monday but remain above EUR 400/MWh as…

Read more

Oil prices fall on weak Chinese economic data

(Montel) Oil prices were falling on Monday amid weak PMI data from China, which weighed on the demand…

Read more

EU gas prices tumble but supply threat remains

(Montel) European gas prices were falling on Friday afternoon amid profit-taking, although concerns that Russia would further cut…

Read more

Hot, dry summer will last until Sept in Europe – forecaster

(Montel) The current "historic" hot, dry summer in Europe will persist until September, US-based forecaster Atmospheric G2…

Read more

EUAs brace for volatile August on less auction supply

(Montel) European carbon prices looked set for a volatile August when auction supply will be half the volume…

Read more

French power could test EUR 4,000/MWh cap in Q4 – experts

(Montel) French day-ahead power could test a EUR 4,000/MWh ceiling this winter should nuclear power availability –…

Read more

Engie substantially cuts exposure to Russian gas volumes

(Montel) French utility Engie said on Friday it has substantially reduced its exposure to Russian gas volumes amid…

Read more

Germany to see hot, dry spell continue in August

(Montel) Germany looks set to face another four weeks of above normal temperatures, with an ongoing drought predicted…

Read more

Engie posts 5-fold jump in H1 trading earnings

(Montel) French utility Engie posted a five-fold year-on-year jump in earnings before interest and tax (Ebit) at…

Read more

German spot power eyes fresh high next week on strong demand

(Montel) German spot power prices looked set to rise next week from current record levels as forecasts…

Read more

Spain’s windfall tax could hamper green investments – lobby

(Montel) Spain’s new windfall tax on energy companies won’t be effective in curbing high power prices and…

Read more

Eni’s H1 profit triples, plans Russian gas exit by 2025

(Montel) Italian energy firm Eni’s operating profit has more than tripled in H1 boosted by surging oil and…

Read more

Oil prices bounce back on supply tightness

(Montel) Crude oil prices edged higher on Friday morning, putting the Brent crude benchmark on track for a…

Read more

EDP sees H1 loss of EUR 111m in Portugal as drought bites

(Montel) EDP booked EUR 111m in losses in Portugal as hydropower generation in Iberia sunk 55% year on…

Read more

Italy’s Edison buys 66 MW wind power plant from Axpo

(Montel) Italian power company Edison has bought a 66 MW wind farm in the Campania region from Swiss…

Read more

EEX revises 2022, 2023 EUA auction volumes

(Montel) EEX has published a revised 2022 auction calendar for carbon allowances and a new one for…

Read more

Italy fast-tracks 452 MW of wind capacity

(Montel) The Italian government has fast-tracked about 452 MW of wind energy projects in an effort to speed…

Read more

Enel hedges 51% of 2023 Italian output, 12% of 2024

(Montel) Italian utility Enel had hedged 51% of its 2023 domestic power production at an average price of…

Read more

Carbon jumps EUR 3 on technicals, auction curbs

(Montel) European carbon prices jumped EUR 3 on Thursday driven by technical factors as the market geared up…

Read more

Repsol slashes gas use 40% on Russian supply disruption

(Montel) Spanish energy firm Repsol has curbed gas consumption at its industrial sites by 40%, or 1bcm, in…

Read more

EU utilities see erosion of PPA market share

(Montel) European utilities are grappling with a liquidity crunch, spiralling wholesale prices and increased risk that is squeezing…

Read more

Equal access to NSL cable will see one NO2 spot price – Epex

(Montel) It will be possible to achieve one spot price in southern Norway, instead of two currently,…

Read more

Spain unveils details of new EUR 2bn/year windfall tax

(Montel) The Spanish government unveiled plans to parliament on Thursday of a 1.2 % windfall tax on…

Read more

Nordic Q4 power extends high on winter supply concerns

(Montel) Nordic front-quarter power reached a fresh high early on Thursday, buoyed by concerns about a winter supply…

Read more

Coal demand to revisit record high in 2022 – IEA

(Montel) Global coal consumption this year will likely match the record achieved nearly a decade ago of 8bn…

Read more

Shell’s LNG sales rise as profits surge in H1

(Montel) Shell’s LNG sales in the first half rose 4% on the year, with strong global demand and…

Read more

EDF posts EUR 5.3bn H1 net loss, warns of EUR 24bn hit

(Montel) French utility EDF saw a net loss of EUR 5.3bn in H1, while warning of a…

Read more

TotalEnergies profits, LNG sales climb in first half

(Montel) TotalEnergies’ operating income from its gas, renewables and power unit tripled year on year to EUR…

Read more

German spot power to slip EUR 20 on higher wind power output

(Montel) German day-ahead power prices looked set to slip around EUR 20 on Thursday as stronger wind…

Read more

France plans to raise Arenh volume for 2024/25

(Montel) France plans to raise the volume of its regulated Arenh rate at which EDF sells nuclear output…

Read more

Repsol’s H1 profit soars 106% as power output doubles

(Montel) Spanish energy firm Repsol saw its H1 net profit soar 106% year on year to EUR 2.5bn,…

Read more

Centrica trading profit jumps in H1 amid volatile market

(Montel) UK utility Centrica’s energy marketing and trading unit posted an adjusted operating profit of GBP 278m in…

Read more

Verbund hedges 42% of 2023 output at EUR 115.50/MWh

(Montel) Austrian utility Verbund had hedged 42% of its planned 2023 hydropower generation at EUR 115.50/MWh by…

Read more

Oil prices rise on weaker dollar after big Fed rate hike

(Montel) Crude oil prices rose early on Thursday amid signs of rising demand and a weaker US dollar…

Read more

Spain should triple gas exports to neighbours – Endesa

(Montel) Spain can “easily” replace a lack of Russian gas and should actually look to triple its exports…

Read more

RWE raises 2022 earnings outlook 25% on power price surge

(Montel) RWE has raised its full-year earnings outlook at least 25% as its trading unit and segment for…

Read more

Italy follows Spain with 7% gas consumption cut plan

(Montel) Italy plans to cut gas demand 7% across the next eight months, which was more than 50%…

Read more

Russian coal exports to EU slow ahead of ban

(Montel) Russian coal exports from two of its main western export hubs have declined 13.5% on the year…

Read more

CO2 bucks energy rally trend on recession fears

(Montel) European carbon posted just a small gain on Wednesday, unphased by the recent rally on the power…

Read more

French Q4 power hits record high on EU gas turmoil

(Montel) French Q4 power prices surged to a record high above EUR 900/MWh on Wednesday amid fears…

Read more

France’s nuclear watchdog approves EDF’s corrosion checks

(Montel) France’s ASN nuclear authority has approved plans by utility EDF to check its nuclear reactors for…

Read more

Italy’s gas storage growth rate in line with 90% target –TSO

(Montel) Italy’s gas storage facilities are filled to over 70% of capacity, in line with the government’s target…

Read more

German Cal 23 power marks new record on gas supply turmoil

(Montel) Germany’s benchmark power contract briefly hit a fresh record high on Wednesday amid lingering concerns about a…

Read more

Austria secures 12.3 TWh of gas for storage at EUR 3bn

(Montel) Austria’s AGGM gas market operator has secured 12.3 TWh of gas and storage capacity in a…

Read more

Gas prices surge to 5-month high amid Russian cuts

(Montel) European gas futures jumped more than 8% on Wednesday to their highest levels since early March, following…

Read more

Iberdrola H1 Spanish profit sinks 26% on “adverse” market

(Montel) Spanish utility Iberdrola’s domestic net profit sank 26% year on year in H1 due to an…

Read more

Nordic power hits fresh highs amid soaring gas prices

(Montel) Nordic front futures hit fresh highs on Wednesday amid soaring gas – with the TTF front month…

Read more

UK to end import of EU GOs from 1 April

(Montel) The UK will cease recognising European guarantees of origin certificates (GOs) for use in the country’s Fuel…

Read more

EU port coal stocks rise to near 3-year high

(Montel) Coal inventories at northwest European ports have risen 6% on the week to their highest since October…

Read more

German spot power eyes record above EUR 500/MWh on low wind

(Montel) German day-ahead power looked set to jump around EUR 85 on Wednesday to a new record…

Read more

Oil edges up as supply constraints counter demand worries

(Montel) Crude oil prices stood a shade higher in range-bound trading early on Wednesday as ongoing supply tightness…

Read more

Equinor’s gas sales rise 7% in H1 amid record profit

(Montel) Norway’s oil and gas major Equinor sold 32bcm natural gas in the first six months of…

Read more

EU must double pace of wind, solar growth by 2026 – Ember

(Montel) Annual wind and solar deployments in the EU will need to double by 2026 to ensure supply…

Read more

German nuclear extension would mean capacity curbs – govt

(Montel) Germany would not be able to keep its nuclear power plants in operation until March without having…

Read more

Carbon prices gain ahead of reduced auction supply

(Montel) European carbon prices traded higher on Tuesday afternoon, extending the previous session’s modest gains owing to expectations…

Read more

S Norway needs 60% full hydro stocks to avoid rationing – EQ

(Montel) Hydropower reservoirs in southern Norway must be 60% full at the end of the year to avoid…

Read more

Austria to start filling key gas facility from August

(Montel) Austria will start filling an empty gas storage facility at Haidach – formerly controlled by Russia’s Gazprom…

Read more

German power prices jump in line with spiralling gas

(Montel) German power contracts surged on Tuesday in line with spiralling gas prices, which hit a four-month…

Read more

Global thermal coal supply may grow 2% in July

(Montel) Global seaborne thermal coal supply could grow by more than 2% on the year in July as…

Read more

Utilities fail to sign up to Germany’s winter coal plan

(Montel) Only one plant operator has agreed to participate in Germany’s scheme to allow back-up coal-fired units to…

Read more

EU agrees 15% gas demand cut as Russian supply dwindles

(Montel) EU countries on Tuesday reached a political agreement on a voluntary reduction of gas demand by 15%…

Read more

Nordic power front year climbs on bullish gas, German power

(Montel) Nordic power for delivery next year climbed around EUR 5 early on Tuesday, propped up by…

Read more

Gazprom “destroys trust” as reliable supplier – Wintershall

(Montel) State-owned energy giant Gazprom has “destroyed the trust in Russia as a reliable [gas] supplier to Europe”,…

Read more

German spot power to jump EUR 73 on lower green output

(Montel) German day-ahead power prices looked set to rise on Tuesday as forecasts pointed to lower renewables generation.…

Read more

Oil rises in “tug of war” of supply concerns vs demand fears

(Montel) Oil prices were rising on Tuesday as concerns about supply constraints offset fears about demand prompted by…

Read more

UK TSO pays record high GBP 9,700 for power supply

(Montel) UK TSO National Grid paid a record high GBP 9,724/MWh for power supplies from Belgium in order…

Read more

Gazprom to slash NS1 flows 50% from Wednesday

(Montel) Russia’s Gazprom will slash gas exports via the 55bcm/year Nord Stream 1 pipeline from Wednesday by around…

Read more

RWE’s lignite-fired output jumps 13% due to gas crisis

(Montel) Power generation at German utility RWE’s lignite-fired plants jumped 13% year on year in H1 to 24.4…

Read more

CO2 rebounds from 4-mth low ahead of gas talks

(Montel) European carbon prices rose somewhat from near four-month lows on Monday amid a technical rebound ahead of…

Read more

UK gas export plan a boon for Dutch, Germans – analysts

(Montel) A move to increase gas exports from the UK to the Netherlands could help alleviate supply stress…

Read more

France opposes EC plan for “uniform” 15% gas demand cut

(Montel) France opposes a “uniform” proposition by the European Commission for a 15% cut in gas demand…

Read more

US becomes world’s largest LNG exporter in H1 – EIA

(Montel) The US was the world’s largest exporter of LNG in the first half of 2022, outstripping Qatar…

Read more

Italy’s June power demand rises 3% to nearly 28 TWh

(Montel) Power demand in Italy increased nearly 3% year on year to 27.9 TWh in June, despite flagging…

Read more

Germany, Russia offer differing views on NS1 turbine

(Montel) Germany and Russia have provided differing views about the status of a repaired turbine needed for the…

Read more

Galp’s H1 earnings near triple to EUR 1.5bn

(Montel) H1 operating profit for Portuguese energy firm Galp nearly tripled year on year to EUR 1.5bn…

Read more

Nordic power jumps EUR 4 on stronger gas, German power

(Montel) Nordic power futures rose on Monday morning, taking a cue from stronger gas and German power prices…

Read more

Buoyant demand to underpin coal prices

(Montel) European coal prices looked set to remain relatively well supported this week amid persisting generation demand and…

Read more

Gas prices extend gains on continued NS1 concerns

(Montel) TTF front-month gas continued its rise on Monday amid persistent concerns about Russian flows via its…

Read more

Germany's Mehrum coal plant (690 MW) to return 1 Aug

(Montel) The Mehrum coal-fired power plant (690 MW) in Germany is set to return to the market…

Read more

German spot power to firm as solar drop counters more wind

(Montel) German day-ahead power looked set to edge higher on Monday as flagging solar output and steady…

Read more

Oil prices drift lower amid concerns of slowing demand

(Montel) Crude oil prices fell in early trading on Monday, pressured by lingering concerns about flagging global demand…

Read more

Uniper expects gas cut losses of EUR 6.2bn by 1 October

(Montel) Uniper expects its losses to amount to EUR 6.2bn by 1 October when Germany plans to introduce…

Read more

Belgium, Engie agree to restart Doel, Tihange in Nov 2026

(Montel) Belgium’s government and nuclear operator Engie have reached a preliminary agreement to restart the Doel 4…

Read more

German power prices gain on Russian supply threat

(Montel) German curve power climbed higher on Friday, buoyed by a recovery in gas prices due to…

Read more

Germany’s 30% stake in Uniper might be temporary – Scholz

(Montel) Germany’s 30% ownership in utility Uniper is “necessary to stabilise the company” but may be temporary, chancellor…

Read more

Germany agrees bailout deal for 30% Uniper stake

(Montel) Germany will acquire roughly 30% of domestic utility Uniper’s shares for EUR 267m following a deal…

Read more

Gas prices rebound on continued supply fears

(Montel) European gas prices rebounded on Friday, more than offsetting losses incurred on Thursday, as the overall market…

Read more

French lower house votes to raise Arenh to EUR 49.50/MWh

(Montel) France’s lower house has adopted an amendment to a draft bill raising the Arenh rate at…

Read more

Lightsource BP warms to Spanish auctions amid price spikes

(Montel) BP's renewable arm Lightsource is mulling to participate more in Spain’s auctions for solar power capacity…

Read more

LNG prices to remain elevated for next 18 months – analysts

(Montel) LNG prices will remain elevated until the end of next year due to a combination of tightening…

Read more

German spot power to dip next week as heat wanes

(Montel) German spot power prices looked set to ease next week as forecasts pointed to higher wind…

Read more

Portugal’s Galp takes full ownership of solar firm Titan

(Montel) Portuguese energy firm Galp has taken full ownership of solar company Titan after acquiring a 24.99%…

Read more

Vattenfall posts 14% drop in H1 trading earnings

(Montel) Vattenfall posted a 14% year-on-year decrease in underlying first-half operating profit from trading operations to SEK 2.4bn…

Read more

Oil prices gain in wake of losses on gasoline demand

(Montel) Crude oil prices were higher early on Friday a day after losses stemming from US data indicating…

Read more

Carbon drops on demand destruction fears

(Montel) European carbon prices fell on Thursday, along with the wider energy complex, amid demand destruction fears.…

Read more

Nord Stream turbine has left Germany – Habeck

(Montel) A turbine Russian Gazprom claims is needed to pump gas through the Nord Stream 1 pipeline has…

Read more

Former minister to head French energy regulator

(Montel) France’s Elysee presidential palace has named Former housing minister and secretary of state for ecology, Emmanuelle Wagron,…

Read more

Germany readies 1.8 GW lignite, ups winter gas storage goal

(Montel) Germany will allow the return of 1.8 GW of lignite-fired power capacity from a reserve scheme from…

Read more

German power prices drop as Nord Stream resumes gas flows

(Montel) German power prices dropped on Thursday amid a weaker energy sector after gas resumed flowing through Nord…

Read more

Hydro GO prices gain on dry weather

(Montel) Nordic hydropower guarantees of origin traded higher in the week to Thursday amid a continued dry weather…

Read more

Spain to auction 520 MW green capacity in October

(Montel) Spain plans to auction 520 MW of renewable energy capacity on 25 October amid its ongoing…

Read more

No sign of end to strike at French Blayais 1 reactor – union

(Montel) There was no sign of an end to a strike by power workers at France’s Blayais 1…

Read more

Statkraft plans to increase trading activity

(Montel) Statkraft plans to increase its speculative power trading in the Nordic region and on the continent, the…

Read more

EDF warns of up to 6.2 GW cut from Monday due to heat

(Montel) French utility EDF warned on Thursday of output cuts – that could reach up to 6.2…

Read more

Nordic front power falls on weaker gas, German prices

(Montel) Nordic power futures fell on Thursday morning in line with flagging gas prices and lower German power…

Read more

Draghi resignation puts Italy energy reforms at risk

(Montel) Italian prime minister Mario Draghi has submitted his irrevocable resignation on Thursday, forcing early elections and likely…

Read more

German spot power eases on higher solar, fading heatwave

(Montel) German day-ahead power prices looked set to drop on Thursday amid stronger solar production and cooler…

Read more

UK govt group urges energy cooperation with EU, Norway

(Montel) The UK should “urgently seek” an agreement with the EU and Norway to manage a possible gas…

Read more

TTF gas drops to 3-week low as NS1 flows resume

(Montel) European gas price fell to around three-week lows in early Thursday trading as <a href="/News/Story.aspx?id=1336999&highlightCsv=">gas flows resumed</a>…

Read more

Statkraft trading unit's profit dives 86% in Q2

(Montel) The trading arm of Norway’s Statkraft posted an underlying operating profit of NOK 140m (EUR 13.8m) in…

Read more

Oil prices slide after “bearish” US inventory data

(Montel) Crude oil prices traded a shade down early on Thursday, extending losses in the previous session after…

Read more

Nord Stream 1 gas flows resume after maintenance

(Montel) Russian gas exports via the 55bcm/year Nord Stream 1 pipeline system to Germany resumed early on Thursday…

Read more

EC’s aim to cut gas demand 15% not viable – Spain

(Montel) A statement from the European Commission urging cuts to EU gas demand by 45bcm, or 15%, over…

Read more

EU can do without Russian gas this winter – EC

(Montel) The European Commission is confident the EU can cope with a complete cut in Russian gas supplies…

Read more

EC urges 45bcm gas demand cut for EU to survive winter

(Montel) The EU should aim to cut its gas demand by 45bcm over the next eight months to…

Read more

UK gives development consent for Sizewell C nuclear plant

(Montel) The UK has granted development consent for the planned 3.2 GW Sizwell C nuclear power plant on…

Read more

Nord Stream 1 to return on Thursday – operator

(Montel) The Nord Stream 1 pipeline, between Russia and Germany, will return as scheduled on Thursday following annual…

Read more

Gazprom yet to see documentation for NS1 turbine return

(Montel) Russia’s Gazprom has not received documentation that Canada will return a turbine needed to pump gas through…

Read more

Front gas rebounds 6% on NS1 jitters

(Montel) Front-month European gas prices rebounded on Wednesday amid fears that throughput capacity on the Nord Stream…

Read more

European coal-fired generation to jump 8% this year – IEA

(Montel) European coal-fired electricity generation is set to jump 8% – or 50 TWh – year on year…

Read more

No alternative to bailout for Uniper – traders

(Montel) The German state has no option other than to bail out utility Uniper in order to…

Read more

German spot power eyes 20% jump as renewables dip

(Montel) German day-ahead power prices looked set to gain almost 20%, or EUR 60, on Wednesday as…

Read more

6 GW German reserve plants yet to return to market – BNA

(Montel) No coal-fired power plants have yet opted to voluntarily leave Germany’s 6 GW grid reserve and…

Read more

Belgium mulls partial nationalisation of nuclear units

(Montel) The Belgian government is considering to partially nationalise the country’s Doel 4 (1 GW) and Tihange…

Read more

Swedish TSO extends capacity cuts amid reactor outage

(Montel) Swedish TSO Svenska Kraftnat will extend reductions in available transmission capacity planned for Wednesday until Thursday evening,…

Read more

Oil prices ease in range-bound trading

(Montel) Crude oil prices edged lower in range-bound trading early on Wednesday, although analysts said global supply remained…

Read more

CO2 drops, gas gains on NS 1 fears

(Montel) European carbon prices fell by around EUR 2 on Tuesday amid mounting concern that the EU is…

Read more

Finland reiterates no more funding for troubled Uniper

(Montel) Fortum, the majority state-owned utility in Finland, has no plans to provide additional funding to struggling German…

Read more

German front-week power rises on extended heatwave

(Montel) German front-week power gained EUR 16 on Tuesday amid forecasts showing a current hot spell lasting…

Read more

Protracted NS1 outage would jeopardise storage goals

(Montel) The key Nord Stream 1 gas pipeline is scheduled to resume flows early on Thursday but there…

Read more

Gas futures gain on lower flows, force majeure

(Montel) European gas futures rose early on Tuesday, rebounding from losses in the previous session amid flagging flows…

Read more

France to launch EDF takeover bid in September

(Montel) The French state will launch a takeover bid in September for the 16% of EDF that it…

Read more

EU coal terminal stocks slip from multi-year highs

(Montel) Coal inventories at northwest European ports have slipped marginally from recent multi-year highs, but remain substantial amid…

Read more

Nordic power Q4 rises nearly EUR 6 on supply issues

(Montel) Nordic front-quarter power soared almost EUR 6 on Tuesday, breaching a new record for the contract…

Read more

Russia has no sanctions excuse to keep NS1 shut – Germany

(Montel) Russia will have no excuse to cite sanctions for keeping the Nord Stream 1 pipeline to Germany…

Read more

Enovos signs 69 GWh/year solar PPA with 3 German firms

(Montel) German energy supplier Enovos Energie Deutschland has signed three power purchase agreements (PPA) to deliver 68.7 GWh…

Read more

Arise to sell 277 MW Swedish wind farm to UK investment fund

(Montel) Swedish renewables developer Arise will sell the planned 277 MW Kolvallen onshore wind farm in Sweden to…

Read more

EU’s replacement gas supply plans on track – official

(Montel) The EU is on track in sourcing new gas supplies to replace some of its Russian imports,…

Read more

Algeria set to supply extra 4bcm of gas to Italy

(Montel) Algeria is set to export an additional 4bcm of gas to Italy, making the North African country…

Read more

German spot power to plunge EUR 90 on strong wind output

(Montel) German day-ahead power prices looked set to dive nearly 25%, or EUR 90, on Tuesday as…

Read more

Oil prices remain elevated on tighter supply expectations

(Montel) Oil prices were off an overnight rally on Tuesday morning but remained elevated – up around 10%…

Read more

US-based Skylar Capital opens London office to trade gas

(Montel) US-based Skylar Capital is opening a London office to trade European gas due to the “crazy” market…

Read more

France to receive revenues of EUR 8.6bn from renewables

(Montel) The French state will receive an estimated EUR 8.6bn in revenues from subsidised renewables for 2022 and…

Read more

German government eyes 25-30% stake in Uniper – report

(Montel) The German government may take a 25-30% stake in Uniper in a move to bailout the ailing…

Read more

Gas falls despite lingering supply concerns

(Montel) European front-month gas contracts were falling on Monday afternoon, as Norwegian exports rose, despite a heatwave fuelling…

Read more

Uniper receives force majeure notice from Gazprom

(Montel) German utility Uniper has received a force majeure notice from Russia’s Gazprom regarding “missing gas volumes” for…

Read more

EC in push to boost Azeri gas flows to Europe

(Montel) Azerbaijan will aim to double its gas flows to the EU to at least 20bcm/year by 2027…

Read more

Germany to review nuclear exit amid gas crisis

(Montel) Germany will in the coming weeks reassess its policy to close its three remaining nuclear power reactors…

Read more

German power prices slip as heat set to wane

(Montel) German curve power prices fell on Monday as fears of a prolonged heatwave diminished, though fears…

Read more

Prompt coal prices drop as gas softens

(Montel) European coal prices extended last week’s losses on Monday, taking a cue from lower gas prices, yet…

Read more

Uniper draws EUR 2bn credit facility amid supply disruption

(Montel) German utility Uniper drew down a EUR 2bn credit facility provided by German state bank KFW amid…

Read more

French ASN allows EDF to run Bugey 2 in heatwave

(Montel) French nuclear safety authority ASN has temporarily exempted EDF’s Bugey nuclear power plant from limits governing the…

Read more

Gas prices fall amid rising Norwegian flows

(Montel) European gas prices were falling on Monday amid rising exports from Norway, although a heatwave extending across…

Read more

Italy winter gas prices could hit EUR 200/MWh – poll

(Montel) Italian wholesale gas prices could rise to EUR 200/MWh and above over the coming winter, according to…

Read more

EU could cut gas use by 60bcm this winter – draft EC plan

(Montel) The EU could cut its gas use by up to 60bcm/year this winter by preparing for more…

Read more

Spain spot power to trade sideways as heat persists

(Montel) Spanish spot power prices were set to remain elevated at around EUR 130-140/MWh this week, with…

Read more

Europe faces earlier than expected energy crunch – Rystad

(Montel) Europe is heading into an energy crunch “earlier than expected” despite recent moves to curb demand and…

Read more

Achieving 90% gas storage “is still possible” – IEA

(Montel) European gas storage levels could reach 90% this winter amid reduced Russian supplies, although a complete cut-off…

Read more

Nordic spot power stays strong while futures liquidity dives

(Montel) Nordic spot power prices were set to remain elevated on Monday amid low wind and hydropower output,…

Read more

German spot power to surpass EUR 400 on heatwave

(Montel) German day-ahead power looked set to exceed EUR 400 on Monday, its highest level in more…

Read more

Oil prices rise as Biden fails in Opec bid

(Montel) Oil prices were rising on Monday as US president Joe Biden failed to get an agreement with…

Read more

EDF warns of more reactor output cuts amid heatwave

(Montel) French utility EDF warned on Friday of output curbs at its Tricastin (3,660 MW) and St…

Read more

Gas "incredibly volatile" on NS1 fears, heatwave

(Montel) European gas contracts tumbled across the curve on Friday amid increase Norwegian flows, though the market was…

Read more

German Cal 23 power falls to 1-week low as gas prices drop

(Montel) German power prices fell across the curve on Friday in line with lower gas prices, with the…

Read more

Gas prices fall as Norway flows rise but NS1 fears linger

(Montel) European gas prices fell on Friday amid increasing Norwegian flows, though the fear of a Russian…

Read more

Heatwave to put energy supply at risk next week – MetDesk

(Montel) An “intense” heatwave in western and central Europe next week could induce “disruptive restrictions” that affect some…

Read more

Nordic power futures hit fresh highs on bullish fundamentals

(Montel) Nordic power futures continued their week-long rise on Friday, hitting fresh record highs with all fundamentals pointing…

Read more

EU urgently needs planned gas demand cuts – regulators

(Montel) The EU urgently needs planned gas demand cuts to help offset possible further disruptions in Russian gas…

Read more

Regulators seek details of gas hub price volatility limits

(Montel) Energy regulators would like to know more about how exchanges manage gas hub price volatility given the…

Read more

Europe LNG discount to TTF gas deepens to fresh record

(Montel) The discount offered for LNG arriving in Europe has deepened to a fresh record of USD 10.58/MMbtu…

Read more

Dutch platform aims for EU-wide intraday trade by year-end

(Montel) Dutch energy trading platform ETPA aims to begin pan-European intraday trading by the end of this…

Read more

EUAs firm but remain stuck in narrow range

(Montel) European carbon prices were rising on Friday but confined to a narrow range amid mixed drivers and…

Read more

German spot power eyes EUR 63 jump on less wind, solar

(Montel) German spot power prices looked set to jump nearly EUR 63/MWh next week as forecasts on…

Read more

Oil prices range-bound on growth concerns

(Montel) Crude oil prices were range-bound early on Friday, as the market weighed a global economic slowdown, potential…

Read more

Spanish parliament backs new windfall tax proposal

(Montel) Spain’s parliament late on Thursday supported a proposal from the Spanish government to set a new windfall…

Read more

Fortum warns of worsening economic outlook for Uniper

(Montel) Finnish utility Fortum has warned of a worsening economic outlook for its German subsidiary Uniper in the…

Read more

Government turmoil may hamper Italian energy reform

(Montel) Italy’s energy reforms may slow down and future funding from the EU could be undermined should the…

Read more

Carbon inches lower amid narrow range

(Montel) European carbon prices were edging lower on Thursday in a very tight range and amid very limited…

Read more

Britain becomes net power exporter for 1st time – EnAppSys

(Montel) Britain exported 3.6 TWh of electricity to continental Europe during the second quarter, as the country became…

Read more

German power price rises on hot spell

(Montel) German power contracts for the coming weeks increased on the back of the heatwave on Thursday,…

Read more

Spanish TSO to assess coal phase-out delay

(Montel) The Spanish energy ministry has asked power TSO Red Electrica to assess if the country could delay…

Read more

Gas prices fall but remain elevated on NS1 fears

(Montel) European gas prices were falling on Thursday amid increased supply, though they remained elevated amid concerns about…

Read more

Austria’s OMV books 40 TWh extra gas transport capacity

(Montel) Austrian oil and gas company OMV has booked 40 TWh of additional gas pipeline capacity from October…

Read more

Nordic Q4 power nears record high on drier weather outlook

(Montel) Nordic front-quarter power rose on Thursday, reaching just EUR 0.50 shy of the contract high set…

Read more

Asia-Pacific coal prices rise amid buoyant demand

(Montel) Asia-Pacific benchmark coal prices remained strong this week amid buoyant global demand, but lacklustre Chinese demand and…

Read more

German gas storage levels stall amid NS1 outage

(Montel) German gas storage levels inched down 0.1 percentage points to 64.5% earlier this week – the first…

Read more

German spot power eyes 9% drop on rising wind output

(Montel) German day-ahead power prices looked set to fall around 9% on Thursday as forecasts called for…

Read more

No Dutch gas shortage if Russian flows stop – TSO

(Montel) The Netherlands will bear the coming winter without receiving gas from Russia, although a cold winter…

Read more

Soaring wholesale power prices see PPA shift – report

(Montel) Soaring wholesale electricity prices and the availability of government subsidies could be prompting developers to eschew power…

Read more

Oil trades flat as tight supply clashes with demand weakness

(Montel) Crude oil prices were little changed early on Thursday as near-term supply tightness offset concerns about slowing…

Read more

EDF warns of output cuts at nuclear reactors amid heatwave

(Montel) EDF warned on Wednesday of output curbs at its Golfech (2,620 MW), Blayais (3,640 MW) and…

Read more

French TSO wants plants to keep operating despite heat curbs

(Montel) French TSO RTE has asked for permission to continue operations this summer at three nuclear plants that…

Read more

Nord Stream 1 restart may face 1-month delay – analysts

(Montel) Maintenance on the Nord Stream 1 pipeline may well persist beyond its scheduled end-date next week but…

Read more

No sign of turbine return needed for NS1 – Gazprom

(Montel) Russia’s Gazprom has not been officially notified that Canada will return a turbine needed to pump gas…

Read more

ENBW rules out return of 1.4 GW old reserve plants

(Montel) German utility ENBW said on Wednesday it will not allow the return of 1.4 GW of…

Read more

EU panel backs 45% renewables goal for 2030

(Montel) The EU’s renewables share goal for 2030 should be raised to 45% from the current 32%, the…

Read more

German power futures climb as gas prices extend gains

(Montel) German power futures prices edged higher on Wednesday, taking their cue from buoyant gas prices amid ongoing…

Read more

German utilities warn of possible coal supply squeeze

(Montel) German power plant operators this week warned of a coal supply shortage due to low river levels…

Read more

China’s coal imports fall by a third in June

(Montel) Chinese coal imports declined 33% year on year in June – and 4.5% from the previous month…

Read more

Berlin permits return of 6 GW reserve plants for 9 months

(Montel) A German government decree on Wednesday allows the return of 5.9 GW of reserve coal-fired power plants…

Read more

EDF finds no corrosion at Bugey 3, 4 reactors (1.8 GW)

(Montel) EDF’s Bugey 4 (880 MW) and Bugey 3 (910 MW) nuclear reactors in southeastern France have “no…

Read more

Germany sees 2 floating LNG units online by “turn of year”

(Montel) Germany plans to have two LNG floating storage and regasification units (FSRUs) online in Wilhelmshaven and Brunsbuettel…

Read more

Gas prices rise as supply nervousness persists

(Montel) European gas prices rose early on Wednesday, extending this week’s gains amid continued constraints to Norwegian output…

Read more

Nordic Q4 power hits fresh high amid winter supply concerns

(Montel) Nordic power futures continued their rise on Wednesday, with Q4 and October hitting record highs, amid rising…

Read more

IEA trims oil demand outlook for 2022 and 2023

(Montel) The International Energy Agency has trimmed its forecast for global oil demand growth in 2022 and 2023,…

Read more

EDF asks to suspend share listing amid nationalisation bid

(Montel) French utility EDF has requested the suspension of the listing of its shares as the government…

Read more

EDF to report on status of all nuclear plants – minister

(Montel) French utility EDF plans to release a report on the maintenance situation at each of its 56…

Read more

US LNG exports to slide 6% in H2 on Freeport outage – EIA

(Montel) US LNG exports will slide 6% in the second half of the year compared to the first…

Read more

Centrica signs 10-year PPA for 9 MW Swedish solar

(Montel) UK utility Centrica has signed a 10-year power purchase agreement (PPA) to offtake around 9.1 GWh annually…

Read more

German spot power to ease on more solar, steady wind

(Montel) German day-ahead power prices looked set to soften on Wednesday as more solar generation combined with…

Read more

Oil prices linger below USD 100 amid growth concerns

(Montel) Crude oil prices were little changed early on Wednesday as concerns about economic growth continued to weigh…

Read more

Coal plant restart impact on emissions “negligible” – Ember

(Montel) Europe’s plans to temporarily restart a small number of coal plants would have a “negligible” impact on…

Read more

Coal jumps to 4-month high

(Montel) European coal prices rose to four-month highs in Tuesday trading as ongoing nervousness about supply and aggressive…

Read more

German weekly power retreats as heat concerns subside

(Montel) German weekly power contracts retreated on Tuesday, as forecasts showed lower chances of a prolonged heatwave,…

Read more

Austria, Germany plan to fill Gazprom storage facility

(Montel) Austria and Germany will work together to refill the Gazprom-controlled gas storage facility at Haidach, the energy…

Read more

Waning river levels threaten coal supply to German plants

(Montel) Dwindling river levels, at a time of already limited barge availability, are threatening the shipment of coal…

Read more

Spain exceeds underground gas storage goal – Enagas

(Montel) Spanish underground gas storages were meeting their filling schedules and were last seen at 73% of…

Read more

Gas prices rise amid lower flows from Russia, Norway

(Montel) European gas prices rose on Tuesday amid lower flows from Russia and Norway due to maintenance and…

Read more

Spain confirms new gas links with Italy, France, Portugal

(Montel) A new strategic plan from Spain’s TSO Enagas anticipated EUR 4.8bn in investments to 2030, confirming nearly…

Read more

Oil continues fall as supply disruptions ease, Covid

(Montel) Oil was continuing its fall as supply disruptions eased – with a key Kazakh pipeline allowed to…

Read more

Spot gas prices firm as maintenance begins

(Montel) European spot gas prices were rising in Monday afternoon trading, as a drop in pipeline flows from…

Read more

Ice’s cleared coal derivatives slump 45% in June

(Montel) Coal futures and options volumes cleared on UK exchange Ice fell 45% on the year in June,…

Read more

German Cal 23 power firms on strong coal, supply concerns

(Montel) Germany power futures rose on Monday, buoyed by robust coal prices and concerns about potential supply…

Read more

Berlin to activate reserve plants "in the coming days"

(Montel) Germany’s government will order grid reserve power plants back into the market “in the coming days”, to…

Read more

Spain minister urges firms to curb Russian LNG imports

(Montel) Spanish gas retailers should seek alternatives to Russian LNG supplies as they added up to a quarter…

Read more

Spain spot power to leap around EUR 20 on heatwave

(Montel) Spanish spot power prices could spike around EUR 20 this week amid higher demand due to…

Read more

Spot gas prices jump amid cut in flows, outages

(Montel) European spot gas prices jumped up to EUR 11 on Monday amid a significant drop in…

Read more

Coal prices extend gains on supply uncertainty

(Montel) European coal prices extended last week’s gains on Monday, with market participants anticipating further increases this week…

Read more

European LNG imports fall 26% last week

(Montel) Seaborne LNG deliveries to European destinations, including Turkey, fell 26% last week to almost 2bcm, while another…

Read more

Nordic power Q4 edges up on supply fears

(Montel) The Nordic Q4 power contract gained on Monday amid supply fears ahead of the winter, although traded…

Read more

Russian gas flows to Italy see further cuts on NS1 outage

(Montel) Russia has deepened a cut in gas flows to Italy to 21mcm/day following the beginning of maintenance…

Read more

Helen buys 190 MW Finnish wind power capacity

(Montel) Finnish utility Helen has bought two onshore wind farms in the west of the country totalling 190…

Read more

Fortum will not supply additional Uniper funds – minister

(Montel) Finnish energy group Fortum will not provide additional money to its German subsidiary Uniper beyond a previously…

Read more

Russian gas flows to Europe drop 60% as NS1 works begin

(Montel) Russian gas exports to northwestern Europe along three main conduits on Monday were expected to drop 61mcm…

Read more

Oil falls as recession fears overshadow supply concerns

(Montel) Oil was continuing its recent fall on Monday as recession fears overshadowed concerns about physical supply.…

Read more

Canada waives sanctions to allow NS1 turbine export

(Montel) The Canadian government has agreed a temporary exemption of Russian sanctions allowing the return of a turbine…

Read more

Enel CEO urges gas price cap, massive renewables growth

(Montel) An EU-wide temporary cap on wholesale gas prices would provide swift relief to consumers in response to…

Read more

GB regulator Ofgem proposes splitting wholesale power market

(Montel) British energy regulator Ofgem late on Friday proposed splitting Britain’s electricity wholesale market into two parts, noting…

Read more

Gas slips on easing supply concerns

(Montel) European gas prices softened on Friday amid some easing of supply concerns, despite lingering uncertainty about Russia’s…

Read more

Uniper may have to withdraw gas to meet obligations – CEO

(Montel) German utility Uniper may be forced to start withdrawing gas from storage “very soon” to meet its…

Read more

EU regulators want details of long-term gas contracts

(Montel) EU regulators want to know the price index model and end dates of long-term gas supply contracts…

Read more

Fortum mulls restructuring of Uniper amid gas crisis

(Montel) Finnish energy group Fortum is in talks with the German government over a potential restructuring of its…

Read more

EU gas prices expected to fall in 2024 – Efet

(Montel) EU gas prices will probably fall in 2024, so the bloc should guard against long-term inflexible responses…

Read more

Gas prices fall but NS1 supply concerns spur volatility

(Montel) European gas prices swung within a EUR 20 range in Friday trading, pushed by uncertainty over future…

Read more

German power retreats with energy complex losses

(Montel) German power prices declined across the curve on Friday amid a weaker energy complex, market participants said.…

Read more

French parliament could block EDF reform – analyst

(Montel) French government plans to reform utility EDF face being blocked in parliament due to bolstered opposition from…

Read more

Norway’s Ormen Lange gas output set to rise by up to 40bcm

(Montel) Norway’s oil and energy ministry has approved a NOK 11.7bn (EUR 1.14bn) plan that could boost gas…

Read more

EUAs torn between recession fears, higher coal burn

(Montel) European carbon prices were falling on Friday but remained range-bound with the market torn between demand destruction…

Read more

Austria launches 12.3 TWh auction for national gas reserve

(Montel) Austria’s gas market operator AGGM will launch a second tender auction to fill the country’s gas reserve…

Read more

Nordic winter power contracts at record above EUR 200

(Montel) Nordic power front-quarter contracts rose above EUR 200/MWh for the first time amid growing concerns about tightening…

Read more

German upper house approves energy law package

(Montel) Germany’s upper house of parliament on Friday approved an energy law package including new renewables expansion targets,…

Read more

Canada readies sanction exemption for NS1 turbine

(Montel) Germany’s government is in talks with Canada over a possible exemption to sanctions on Russia to allow…

Read more

Finland grants approval for 2 GW of wind capacity

(Montel) The Finnish government has granted state-owned property manager Metsahallitus permission to lease the required sites for two…

Read more

Equinor maintains plan to close gas-fired power plant

(Montel) Equinor will proceed to close its loss-making 150 MW gas-fired power plant at Mongstad Norway by the…

Read more

German spot power eyes EUR 50 jump next week on less wind

(Montel) German spot power prices looked set to rise more than EUR 50 next week as forecasts…

Read more

Ilmatar secures funding for 132 MW Finnish wind power

(Montel) Finnish renewables developer Ilmatar has secured EUR 135m in funding for four onshore wind farms – totalling…

Read more

Brent crude oil on track for 6% weekly drop

(Montel) Brent crude oil prices were trading a shade down early on Friday, with the benchmark contract on…

Read more

France mulls seizure of gas plants to secure supply

(Montel) France plans to take over the running of gas-fired plants to prevent blackouts this winter amid…

Read more

Germany’s Bundestag approves gas bailout plans, plant return

(Montel) Germany’s lower house (Bundestag) late on Thursday approved measures to provide financial support for gas importers and…

Read more

France’s Engie to pay more for Algerian gas to ensure supply

(Montel) French utility Engie has reached an agreement with Algerian state energy company Sonatrach to pay a…

Read more

Gas extends 4-month high on supply fears

(Montel) European gas prices continued to rise in afternoon trading, while carbon also rose with support from ever…

Read more

Gas storage target not possible without NS1 – analysts

(Montel) The continued partial or complete loss of gas deliveries via the Nord Stream 1 pipeline could make…

Read more

Permitting backlogs threaten Spain’s green goals – experts

(Montel) Backlogs in the authorisation process to deploy new renewable energy projects could threaten Spain’s climate goals,…

Read more

Strike cuts gas flows from French LNG terminal

(Montel) France’s Elengy will reduce gas emissions from its 10 bcm Montoir LNG terminal until 15 July due…

Read more

Poland to auction 13 GW renewable capacity from 2023-27

(Montel) Poland plans to auction 13,200 MW of new renewable power capacity – mostly solar – from 2023…

Read more

German front-year power hits fresh record on higher gas

(Montel) Germany’s rolling front-year power contract hit a fresh record above EUR 350/t on Thursday on the back…

Read more

Europe LNG imports to remain constrained in Q3 – analysts

(Montel) European LNG imports over the third quarter are set to hover around June’s year-to-date low, as global…

Read more

Hydro GOs for 2023 gain on strong demand, drought

(Montel) European 2023 hydropower guarantees of origin (GO) prices jumped during the week to Thursday, underpinned by strong…

Read more

Eurowind plans 2.5 GW Danish solar, wind capacity by 2025

(Montel) Danish renewables developer Eurowind has plans to build 2.5 GW of production capacity from five hybrid parks…

Read more

Nordic power prices rise on widening hydrological deficit

(Montel) Nordic power prices traded up on Thursday on the back of a widening hydrological deficit in…

Read more

German lower house backs 360 GW wind, solar target in 2030

(Montel) Germany’s Bundestag lower house of parliament on Thursday approved a government plan to triple the nation’s wind…

Read more

German spot power to rise 40% on less wind

(Montel) German day-ahead power prices looked set to rise around 40% on Thursday, as wind output is…

Read more

UK govt secures 11 GW of renewable energy via auction

(Montel) The UK has secured a record 11 GW of renewable energy via the latest round of auctions…

Read more

Shell, Cez book 7bcm LNG capacity in Eemshaven

(Montel) UK energy giant Shell and Czech power utility Cez have jointly booked 7bcm/year of regasification capacity in…

Read more

Brent crude lingers near 3-month low on recession fears

(Montel) Brent crude oil prices traded near a three-month low early on Thursday amid growing fears of a…

Read more

EDF begins search for new CEO to replace Levy

(Montel) EDF and the French state have started the process of finding a successor to current boss Levy…

Read more

UK’s Drax plant to extend coal-fired units by 6 months

(Montel) UK independent generator Drax will extend the lives of its two remaining 645 MW coal-fired units by…

Read more

Austria, Luxembourg to take EU taxonomy rules to court

(Montel) Austria and Luxembourg will challenge the European Union’s taxonomy rules before the European Court of Justice due…

Read more

Gas rebounds amid improved liquidity

(Montel) European gas prices gained ground on Wednesday afternoon amid improved liquidity and despite earlier losses on the…

Read more

French PM confirms plan to nationalise EDF

(Montel)  France will nationalise EDF to allow the energy company to build new nuclear reactors, Prime Minister Elisabeth…

Read more

Italy buys 5bcm/year LNG regasification unit

(Montel) Italian TSO Snam has bought a second 5bcm/year floating storage and LNG regasification unit from BW LNG…

Read more

MEP attacks “self-harming” EU over nuclear, gas agreement

(Montel) Swedish MEP Emma Wiesner said on Wednesday an agreement by the European Parliament to classify gas and…

Read more

Swedish power demand to double by 2045 – study

(Montel) Sweden’s power demand is set more than double to 330 TWh by 2045 due a sharp growth…

Read more

German power prices ease on lower gas

(Montel) German curve power prices dropped on Wednesday amid lower gas prices while the front week rose amid…

Read more

EU ministers plan 26 July meeting on gas crisis

(Montel) The Czech EU presidency has called an urgent meeting of EU energy ministers on 26 July to…

Read more

LNG facing investment challenges despite demand – IGU

(Montel) The war in Ukraine has spurred demand for LNG as Europe seeks alternatives to Russian gas, but…

Read more

MEPs accept gas, nuclear in EU’s green finance taxonomy

(Montel) EU parliamentarians have accepted that natural gas and nuclear projects can be included in the EU’s sustainable…

Read more

Nordic power prices fall after Norway halts gas strike

(Montel) Nordic power prices fell on Wednesday as a cancellation of a strike in Norway’s oil and gas…

Read more

Equinor resumes oil, gas field operations as strike ends

(Montel) Norwegian energy group Equinor said on Wednesday it has resumed operations at three oil and gas fields…

Read more

Norway hydropower producers save water ahead of winter

(Montel) Low hydropower reservoir levels and a risk that Germany will not export electricity to Norway amid a…

Read more

EU must prepare for full Russian gas cut – von der Leyen

(Montel) The EU must prepare for more disruptions in Russian gas supply, including a complete cut-off, European Commission…

Read more

German spot power to slump as wind output set to double

(Montel) German day-ahead power prices looked set to drop 27% as wind power output was expected to…

Read more

Oil prices firm but recession worries remain after 10% drop

(Montel) Oil prices edged higher early on Wednesday, clawing back from a near 10% plunge in the previous…

Read more

Norway government intervenes to end oil, gas strike

(Montel) Norway’s government has intervened to stop a strike that threatened to cut 56% of the country’s gas…

Read more

Auditors urge reform of France’s power market

(Montel) France must review the regulation of its power market which was failing to guarantee stable prices,…

Read more

Gas contracts gain amid supply squeeze

(Montel) European gas contracts were rising on Tuesday afternoon, as the conundrum of how to secure enough gas…

Read more

Market turmoil casts doubt on gas as transition fuel – IEA

(Montel) Turmoil in the global gas markets has cast doubt on gas’s role as a reliable transition fuel,…

Read more

German weekly power contract hits 4-month high on heat

(Montek) German power contracts close to delivery rose on the back of predictions of high temperatures in…

Read more

German cabinet approves bailouts for gas importers

(Montel) The German government has approved possible rescue measures for gas importers, including a takeover of shares of…

Read more

Nuclear more profitable than hydro this year – Vattenfall

(Montel) High spot power prices in southern Sweden mean that nuclear power has been more profitable for Vattenfall…

Read more

Nordic power prices rise on fuels rally

(Montel) Nordic power futures were rising on Tuesday on surging fuels prices, which also buoyed benchmark German…

Read more

Gas prices continue rise on Norway strike, Russian fears

(Montel) European gas prices continued to rise on Tuesday as a strike in Norway was about to limit…

Read more

French ASN lifts surveillance of Flamanville reactors

(Montel) France’s ASN nuclear safety authority has lifted its “enhanced scrutiny” of EDF’s 2.7 GW Flamanville nuclear…

Read more

Renewables cover 49% of German power use in H1 – BDEW

(Montel) Renewable energy sources covered 49% of Germany’s gross power demand in the first half of the year,…

Read more

Italy may see storage deficit without Russian gas – expert

(Montel) Italy may face a shortage of about 4.2bcm in gas storage this quarter should Russia fully halt…

Read more

German spot power to slip 4% on rising wind

(Montel) German day-ahead power prices looked set to drop 4% on Tuesday, as forecasts indicated a sharp…

Read more

Shutdown of Norwegian oil, gas output begins amid strike

(Montel) Norwegian energy group Equinor said on Tuesday it has started shutting down three oil and gas fields…

Read more

Oil prices fall as economic concerns persist

(Montel) Oil prices were falling on Tuesday as economic concerns due to the fallout from the Ukraine…

Read more

Norwegian gas flows set to drop as strike starts

(Montel) Norwegian gas flows to the rest of Europe are set to drop by up to 13% over…

Read more

EU has no plans to block Russian gas imports – ambassador

(Montel) The EU has no plans to block Russian gas imports in response to the war in Ukraine,…

Read more

Carbon weakens but remains range-bound

(Montel) European carbon prices were dropping on Monday, extending the previous session’s losses, but they remained locked within…

Read more

Russia coal ban, strong demand underpin prices

(Montel) European coal prices jumped in Monday trading with the prospect of an imminent ban on Russian imports,…

Read more

High power prices will last for years – Vattenfall CEO

(Montel) Europe will likely see extremely high and volatile power prices for several years even if the war…

Read more

Gas futures climb to 4-month high on supply fears

(Montel) European gas prices hit a four-month high on Monday morning, as traders continued to discount the likelihood…

Read more

France appoints new ecology minister

(Montel) French prime minister Elisabeth Borne has appointed Christophe Bechu as the new ecology minister, the PM’s office…

Read more

Nordic front power edges up on stronger German prices

(Montel) Nordic power futures were rising on Monday amid a sharp rise in German power prices, with…

Read more

Indonesia lowers July coal price on cheaper Russian supplies

(Montel) Indonesia's energy ministry on Monday set its July coal reference price at USD 319/t, down 1.5% from…

Read more

German spot power to rise 6% on more demand

(Montel) German day-ahead power prices looked set to jump EUR 18 on Monday, as demand looks set to…

Read more

Oil prices rise as supply issues offset recession fears

(Montel) Oil prices were rising on Monday as supply side issues outweighed economic fears about a recession and…

Read more

Strike set to hit 13% of Norway’s gas exports this week

(Montel) A planned strike among Norwegian oil and gas workers could hit 13% of the country’s gas exports…

Read more

CO2 slides EUR 5 on profit-taking

(Montel) Europe’s benchmark Dec 22 EUA contract tumbled by EUR 5 in afternoon trading on Friday, amid profit-taking,…

Read more

French spot power could jump up to 30% – analysts

(Montel) French spot power prices could jump by up to 30% by year end in the event of…

Read more

Finland installs 784 MW wind power capacity during H1

(Montel) Finland installed 784 MW of new wind power capacity during the first six months of the year,…

Read more

German Cal 23 power hits EUR 300 on gas gains

(Montel) German Cal 23 power retreated from an earlier record high of EUR 300/MWh on Friday as…

Read more

TTF front month rises to 9-month high

(Montel) Europe’s benchmark gas price hit a nine-month high early on Friday amid ongoing concerns about potential supply…

Read more

Swedish power demand to rise 4% by 2025 – agency

(Montel) Sweden’s annual power consumption is set to rise 4% from 2020 levels to 144.3 TWh in 2025,…

Read more

Hot July set to see curbs on German coal shipping

(Montel) Forecasts of hot weather from mid-July could see a coal shipping ban on Germany’s Rhine due to…

Read more

Spain gas consumption drops 6% in June

(Montel) Spanish gas consumption dropped 6.4% year on year in June to 29.2 TWh despite a record…

Read more

EUAs fall amid limited liquidity

(Montel) European carbon prices were falling on Friday but were set to trade sideways within their recent EUR…

Read more

Gazprom gas exports to Europe fall 31% in H1

(Montel) Gazprom's gas exports to Europe dived 31% in the first six months of the year, the Russian…

Read more

Nordic power curve rises on drier outlook, stronger gas

(Montel) Nordic power futures traded up on Friday amid a bullish, drier four-week weather outlook and stronger…

Read more

Spain connects 2.9 GW renewables capacity in January-June

(Montel) Spain added 2,883 MW of renewable power capacity in the first six months of the year,…

Read more

German spot power eyes EUR 20 drop next week on more wind

(Montel) German spot power prices looked set to shed around EUR 20 next week as forecasts on…

Read more

EU parliament, ministers to clash over free CBAM allowances

(Montel) The European Parliament and EU ministers are set to clash over how quickly to phase out free…

Read more

EU ministers want stronger carbon price control mechanism

(Montel) EU ministers want a stronger carbon price control mechanism to tackle excessive rises, according to the EU…

Read more

Crude prices fall on economic unease

(Montel) Crude oil was lower early on Friday on demand pessimism amid uneasiness about growing risks of a…

Read more

Italy to lend state firm GSE EUR 4bn to fill gas stocks

(Montel) Italy has agreed to lend state-owned energy services company GSE up to EUR 4bn to buy natural…

Read more

EU feels prepared for disrupted gas supplies – officials

(Montel) The EU is prepared for disrupted gas supplies this winter as relations with Russia deteriorate over the…

Read more

Gas, coal rise on supply fears

(Montel) European gas and coal prices rose sharply on Thursday amid supply fears for the coming winter, while…

Read more

EC to promote storage to reduce peak power prices

(Montel) The European Commission is working on ways to promote energy storage to help reduce peak power prices,…

Read more

German power rises to new highs amid gas delivery fears

(Montel) German power curve contracts rose to new contract highs on Thursday, as the fear of a…

Read more

Opec+ confirms 0.648m bbl/day supply boost for August

(Montel) Opec and its Russia-led allies have confirmed they intend to boost oil supply in August by 0.648m…

Read more

Ukraine war behind tight biomass market – Orsted

(Montel) The war in Ukraine has tightened the market for biomass in northwestern Europe, forcing energy companies such…

Read more

France “blocks” 7 GW of renewables despite supply fears

(Montel) France is blocking the connection of 7 GW of renewables to its grid for political reasons amid…

Read more

Barge shortage may hamper EU coal plant supply

(Montel) An insufficient number of barges, in part due to strong vessel utilisation for the export of Ukrainian…

Read more

Nordic hydro GOs jump amid renewed buying interest

(Montel) Guarantees of origin (GO) prices from Nordic hydropower jumped during the week to Thursday as buying interest…

Read more

German gas use drops 6% in Jan-May amid high prices – BDEW

(Montel) Germany’s gas consumption dropped 6.4% year on year in January-May, when adjusted for temperatures, amid high…

Read more

Nordic power futures plunge EUR 8 from record highs

(Montel) Nordic power futures plunged more than EUR 8 on Thursday from yesterday’s record highs amid a sell-off…

Read more

Spain power generation jumps 17% in June amid higher exports

(Montel) Spain’s power generation rose 17.2% year on year in June to 22 TWh, with gas-fired generation…

Read more

Strong demand underpins Asia-Pacific coal prices

(Montel) Asia-Pacific benchmark coal prices remain buoyant as demand continues to outstrip available supply and amid some concerns…

Read more

German spot power to dive EUR 12 on rising wind, low demand

(Montel) German day-ahead power prices looked set to lose nearly EUR 12 on Thursday, as wind output…

Read more

Uniper eyes “significantly” lower earnings on Russia gas cut

(Montel) German utility Uniper has warned of “significantly” lower earnings for first-half 2022 and cancelled its outlook for…

Read more

Oil prices drift sideways ahead of Opec+ meeting

(Montel) Oil prices were little changed in early trading on Thursday, ahead of an Opec-led meeting of producers…

Read more

Policy optimism, robust coal burn boost CO2 prices

(Montel) European carbon prices climbed for the third straight session on Wednesday, underpinned by a general optimism on…

Read more

Finland plans nuclear, hydrogen and green boost – minister

(Montel) Finland is planning to promote investment in nuclear energy, along with embracing hydrogen and boosting renewables output…

Read more

German Cal 23 power hits new high as supply fears persist

(Montel) German power futures prices rose to fresh records on Wednesday amid ongoing concerns of a winter supply…

Read more

Germany to boost heat pumps in drive to replace gas

(Montel) Germany aims to more than triple heat pump installations from 2024 to replace gas-fired heaters amid a…

Read more

French Q4 power surges to 11-year high on supply concerns

(Montel) French Q4 power prices surged to an 11-year high on Wednesday amid continuing concerns over security…

Read more

Spain starts sending gas to Morocco via GME pipeline

(Montel) Spain has started sending natural gas to Morocco through the GME pipeline, with 20 GWh expected on…

Read more

EU ETS draft deal contains “major flaws” – lobby groups

(Montel) A draft deal reached by EU ministers on EU ETS reforms early this morning contained “major flaws”…

Read more

Germany awards 0.7 GW of solar capacity at EUR 55.10

(Montel) Germany awarded 696 MW of ground-mounted solar capacity in its latest tender at an average strike…

Read more

NBP-TTF discount to continue on robust supply

(Montel) A significant discount in UK gas prices, relative to the rest of Europe, could deepen this summer…

Read more

UK shows “little progress” on net-zero aims – advisory body

(Montel) The UK government is failing to provide a clear, long-term strategy for how the country will exit…

Read more

Gas prices rise amid ongoing supply jitters

(Montel) European gas prices rose in early Wednesday trading amid continued jitters over supply, despite some plateauing of…

Read more

Nordic Q4 power jumps EUR 14 to record high on dry spell

(Montel) Nordic Q4 power jumped EUR 14 on Wednesday to hit a fresh record high, buoyed by drier…

Read more

German spot power to hold above EUR 300/MWh amid low wind

(Montel) German day-ahead power prices looked set to remain above EUR 300/MWh on Wednesday as forecasts indicated…

Read more

EU ministers reach draft accord on carbon market reforms

(Montel) EU ministers agreed their negotiating position on EU ETS reforms for industry and power sectors in the…

Read more

Oil prices rise amid concerns of tightening supply

(Montel) Oil prices climbed around 2% in early trading on Wednesday amid market concerns about tightening supply, while…

Read more

RWE could contribute 900 MW to German coal reserve

(Montel) RWE could contribute 900 MW of lignite units to the government’s planned 10.4 GW coal reserve this…

Read more

French protests have “no impact” on gas storage, LNG

(Montel) Gas storage and LNG activities in France were uninterrupted on Tuesday despite protests at some sites…

Read more

Swelling coal inventories pressure prices

(Montel) European coal prices declined sharply on Tuesday, as burgeoning inventory levels offset concerns of growing generation demand…

Read more

Spain price cap forces 2 GW of CHP plants to stop – lobby

(Montel) Around 2,000 MW of combined heat and power (CHP) capacity in Spain has ceased production in the…

Read more

Estonia, Finland start planning third Estlink cable (1 GW)

(Montel) Estonian TSO Elering and its Finnish counterpart Fingrid have signed a letter of intent to start planning…

Read more

G7 vows to counter energy supply risks amid Ukraine war

(Montel) Leaders of the group of seven economic powers (G7) said they were committed to counter the impacts…

Read more

EU set to start trading power with Ukraine

(Montel) The EU will start commercial power trading with Ukraine on 30 June via the interconnection with Romania,…

Read more

Gas prices ease on TurkStream return

(Montel) European gas prices fell on Tuesday as concerns over possible further Russian gas cuts eased after flows…

Read more

Decoupling UK power prices from gas “years away” – analyst

(Montel) Decoupling UK electricity prices from natural gas would be “years away” due to the dominance of gas…

Read more

Nordic power futures rise on drier weather outlook

(Montel) Nordic power front contracts rebounded on Tuesday, as weather forecasts turned a touch drier.…

Read more

THE starts filling Bavarian gas storage site

(Montel) German gas market operator THE has started injecting gas into the Wolfersberg storage site in Bavaria,…

Read more

German spot power eyes EUR 14 drop on higher wind

(Montel) German day-ahead power prices looked set to slide almost EUR 14 on Tuesday, as forecasts indicated a…

Read more

Europe’s coal terminal stocks rise to highest since 2019

(Montel) Coal inventories at northwest European ports have risen to their highest since November 2019 as vessel arrivals…

Read more

Axpo to build 250 MW wind capacity in Romania

(Montel) Swiss utility Axpo is planning to construct two onshore wind farms with a total capacity of 250…

Read more

EC to present EU crisis gas demand cut plan in July

(Montel) The European Commission will present a coordinated EU gas demand reduction plan in July to help prepare…

Read more

Equinor, SSE Thermal plan hydrogen output from UK plant

(Montel) Norwegian utility Equinor and the UK’s SSE Thermal are planning to produce hydrogen from the 1.2 GW…

Read more

Statkraft to double power output to 100 TWh by 2030

(Montel) Norwegian power producer Statkraft plans to double its annual output to 100 TWh by 2030 with an…

Read more

Repsol signs 34 MW wind power PPA with Kraft Heinz

(Montel) Spanish energy firm Repsol has signed a 12-year power purchase agreement (PPA) involving 34.2 MW of…

Read more

Oil prices rise as G7 looks to sanction Russian imports

(Montel) Oil prices were rising on Tuesday sparked by renewed supply fears as the G7 group of nations…

Read more

Russia may stop gas supplies to Germany in August – BDEW

(Montel) Russia’s Gazprom will likely stop gas deliveries to Germany via the Nord Stream 1 pipeline in August…

Read more

Ministers support EU 40% renewables target for 2030

(Montel) EU ministers have backed a 40% renewable energy share target for 2030 in a negotiating position adopted…

Read more

Carbon rises amid coal reserve plans

(Montel) European carbon prices rose on Monday with participants expecting coal to replace gas over the coming months,…

Read more

German forward power prices rise on supply squeeze fears

(Montel) German power forwards were continuing their rise on Monday amid ongoing fears of a supply squeeze after…

Read more

EU ministers set to back EC’s key ETS reforms

(Montel) Ministers look set to back key elements of the European Commission’s ETS reforms unchanged at an EU…

Read more

French union urges blockade of gas stores and LNG terminals

(Montel) France’s biggest energy union is urging gas workers to block the country’s gas storage sites and…

Read more

Spain spot power to ease on more renewables

(Montel) Spanish spot power prices looked poised to drop this week amid higher renewable output and stable…

Read more

EC, US seek ways to cut Russia’s energy revenues

(Montel) The European Commission and the US are working together to find ways to reduce Russia’s energy revenues…

Read more

Gas supply concerns continue to bolster July TTF

(Montel) <span style="font-family: Arial, sans-serif;">European front-month gas contracts traded mixed on Monday morning, with ongoing supply concerns bolstering…

Read more

European LNG imports jump 33%

(Montel) Seaborne LNG deliveries to European destinations, including Turkey, jumped 33% last week to more than 2.4bcm, while…

Read more

Nordic power futures fall amid mixed signals, low liquidity

(Montel) Nordic power futures fell on Monday on the back of slightly wetter weather, mixed fuels and German…

Read more

1 GW offshore wind farm in Denmark set to start in 2028

(Montel) A new 0.8-1.2 GW offshore wind farm near Hesselo in eastern Denmark will likely start production in…

Read more

Filling EU gas storage to become compulsory – ministers

(Montel) Filling gas storage is set to become compulsory for the first time after EU energy ministers gave…

Read more

Wartsila, SSE to add 100 MWh battery storage in UK

(Montel) Finnish energy technology group Wartsila will partner with UK developer SSE to deliver a 100 MWh battery…

Read more

German spot power to rise EUR 12 on muted wind output

(Montel) German day-ahead power prices looked set to rise EUR 12 on Monday, as wind generation levels should…

Read more

France to reopen coal-fired unit this winter – ministry

(Montel) France plans to reopen its 595 MW Emile Huchet 6 coal-fired power unit this winter to…

Read more

Oil trades flat on slight easing of recession fears

(Montel) Oil was trading flat on Monday amid a slight easing of recession fears amid better indications regarding…

Read more

GBP 15bn UK investments in jeopardy over tax plan – RWE

(Montel) German utility RWE has warned the government that GBP 15bn of investment in renewable energy is in…

Read more

Denmark agrees big green power capacity boost by 2030

(Montel) A majority of Danish MPs has agreed on measures to significantly boost renewables production by 2030, while…

Read more

Spain extends emergency energy measures to year end

(Montel) The Spanish government will extend its emergency measures to tackle the current energy crisis to year end,…

Read more

EU to debate Russia gas price cap, energy reforms – Draghi

(Montel) The European Council will discuss an EU-wide price cap on gas imports from Russia, as well as…

Read more

Coal drops 4% on profit-taking as gas softens

(Montel) European coal prices slipped over 4% in line with weakening gas prices on Friday amid profit-taking from…

Read more

German power Cal 23 subsides on coal, gas weakness

(Montel) The German power Cal 23 contract extended its recent record high early on Friday but then lost…

Read more

European 2021 power trading volumes drop 12% – Prospex

(Montel) Power trading volumes in Europe’s biggest markets fell 12% to 8,285 TWh last year and have continued…

Read more

Germany to consider re-purposing Nord Stream 2 – report

(Montel) Germany’s economy ministry is examining the potential to re-purpose part of the country’s defunct Nord Stream…

Read more

Denmark to introduce additional EUR 50/t carbon fee

(Montel) Danish companies subject to the EU ETS will pay an additional DKK 375/t (EUR 50/t) CO2 fee…

Read more

EUAs set to trade in EUR 80-90/t range

(Montel) European carbon prices looked set to remain within a EUR 80-90/t range next week, with the key…

Read more

TTF gas front month retreats from 1-week high

(Montel) European gas prices dropped on Friday, with the benchmark TTF contract retreating from a one-week high reached…

Read more

EEX offer to use EUAs for risk cover is well received – CEO

(Montel) EEX's offer to use additional CO2 allowances to cover margin costs is being well received by the…

Read more

Nordic power curve edges down amid low liquidity

(Montel) Nordic power futures are edging down on Friday in a market short on liquidity and new fundamental…

Read more

German spot power to gain next week on low wind, high gas

(Montel) German spot power prices looked set to gain over EUR 10 next week as forecasts showed…

Read more

France vows to fully refill gas storage for the winter

(Montel) France plans to completely refill its gas stocks before winter to secure supply during the heating…

Read more

Oil prices edge up as tight supply offsets growth worries

(Montel) Oil prices were trading a shade higher early on Friday as signs of supply tightness in the…

Read more

Norway to boost EU gas exports 9% this year

(Montel) Norwegian gas exports to the EU could rise by around 100 TWh, or 9%, from 2021 to…

Read more

Green hydrogen more competitive as gas surges – Eon

(Montel) Green hydrogen is increasingly competitive in certain applications as booming gas prices have dulled the economic outlook…

Read more

Coal jumps to 15-week high on more demand

(Montel) European coal prices jumped along the curve on Thursday to 15-week highs in anticipation of increased demand…

Read more

EU mandatory 80% gas stock filling rules gain key approval

(Montel) The European Parliament approved rules requiring EU gas storage facilities to be at least 80% full on…

Read more

German Cal 23 power hits record as gas crisis level raised

(Montel) The German Cal 23 power contract hit a fresh record high on Thursday amid a jittery market…

Read more

Gas curves soars on German alert, outage

(Montel) European gas curve contracts shot up on Thursday as Germany increased its gas supply warning to “alert”…

Read more

Newcastle coal dips below European prices

(Montel) The Pacific basin’s leading thermal coal index has returned to a rare discount to its European…

Read more

Risk of full Russian gas cut more real than ever – EC

(Montel) The risk of a full cut in Russian gas supplies to the EU is more real than…

Read more

Nordic power hits fresh record highs on gas rally

(Montel) Nordic power futures hit fresh record highs in Thursday trading, climbing for the third day in…

Read more

Germany set to miss gas storage goal on Russia cuts – BNA

(Montel) Germany looks set to miss its winter gas storage targets if Russia continues to cut gas flows…

Read more

EU gas prices to stay above EUR 60 until 2025 – lead trader

(Montel) European gas prices are likely to remain above EUR 60/MWh until 2025, as buyers grapple to…

Read more

Germany raises gas crisis level to "alert"

(Montel) Germany has raised the gas crisis level to "alert", as lower flows from Russia endanger the country’s…

Read more

German spot power to dip on rising wind, nuclear output

(Montel) German day-ahead power prices looked set to ease amid an expected doubling of wind production and…

Read more

Oil prices continue fall on growing recession fears

(Montel) Oil prices continued this week’s fall on Thursday – slumping to their lowest level in more than…

Read more

War has changed European gas market “forever” – Equinor

(Montel) The European gas market “is changed forever” amid the war in Ukraine, while it would remain stretched…

Read more

Italy agrees state-backed loans to boost gas storage

(Montel) The Italian cabinet has approved state-backed loans for gas storage companies to provide them with liquidity in…

Read more

German budget committee approves EUR 15bn for gas purchases

(Montel) The German government’s budget committee has approved a recently agreed EUR 15bn credit line for gas market…

Read more

CO2 drops EUR 2 following EU vote

(Montel) European carbon prices fell by more than EUR 2/t on Wednesday amid profit-taking and after the European…

Read more

Europe seen missing gas storage target absent NS1, Freeport

(Montel) Europe will struggle to fill its gas reserves to 80% of capacity by 1 November if…

Read more

European Parliament agrees position on EU ETS reforms

(Montel) The European Parliament adopted its negotiating position on EU ETS reforms at the second attempt on Wednesday,…

Read more

German Cal 23 power climbs EUR 10 amid buoyant gas, coal

(Montel) German power curve prices gained at least EUR 10 on Wednesday amid buoyant gas and coal…

Read more

Asian LNG prices jump 10% as competition ramps up

(Montel) Asian LNG prompt prices jumped nearly 10% overnight as buyers vied with Europe for spot cargoes.…

Read more

Energy markets will adapt to new trade flows – Axpo

(Montel) Scarcity of supply and the Russian war in Ukraine has triggered a global shift in energy commodity…

Read more

Steag builds coal stocks early to brace for winter squeeze

(Montel) German utility Steag has started to build up its coal reserves as the country prepares for a…

Read more

Coal market overreacting to plant extension plans – analyst

(Montel) A 20% surge in European coal prices over the past week may be an overreaction to plans…

Read more

French Q4 power soars to record high on gas

(Montel) French power prices for Q4 soared to an all-time high on Wednesday, as gas prices surged on…

Read more

German parliament to discuss coal return on Friday

(Montel) Germany’s Bundestag on Friday plans to discuss plans to return coal-fired power plants temporarily to the…

Read more

TTF edges higher as Norwegian gas flows fall again

(Montel) European gas prices edged higher on Wednesday morning as a deepening contraction in Norwegian gas flows…

Read more

Italy ready to add 85 GW by 2030 to meet EU plan – lobby

(Montel) Italy is ready to comply with the EU’s REPowerEU plan and add 85 GW of new renewable…

Read more

Nordic power futures hit highs on fuels gain, hydro deficit

(Montel) Nordic power futures hit new highs on Wednesday amid a fuels rally and hydrological deficit.…

Read more

Europe’s coal terminal stocks swell to 2.5-year high

(Montel) Coal inventories at northwest European ports have risen to their highest since January 2020 as the last…

Read more

Power price rise boosts short-term PPAs – Centrica

(Montel) European power producers are more willing to sign short-term power purchase agreements (PPAs) to take advantage of…

Read more

German spot power retreats from 3-month high on rising wind

(Montel) German day-ahead power prices looked set on Wednesday to fall back from their highest levels since…

Read more

Oil prices slump to 1-month low on economic growth concerns

(Montel) Oil prices shed more than 4% to their lowest levels in a month in early trading on…

Read more

Germany may raise gas crisis level within days – report

(Montel) Germany might raise its gas crisis level within 5-10 days as Russian gas flows via the Nord…

Read more

EU can be decarbonised by 2035 – Ember

(Montel) Europe can achieve an almost fully decarbonised power system by 2035 at no extra cost above current…

Read more

Gazprom cuts gas supplies to Italy for eighth day – Eni

(Montel) Russia’s Gazprom will deliver less gas than what was requested by Eni on Wednesday for the eighth…

Read more

Italy’s May power demand rises 6% to nearly 26 TWh

(Montel) Power demand in Italy rose 6% year on year to 25.7 TWh in May despite a 3%…

Read more

German spot gas market will stay open in emergency

(Montel) The German spot gas market will remain open if Germany encounters a winter gas shortage and…

Read more

Higher coal use, pending reforms boost CO2

(Montel) European carbon prices were climbing on Tuesday underpinned by expectations of higher use of more-polluting coal to…

Read more

Denmark expects full gas storage by October

(Montel) Denmark expects to have filled its 10 TWh natural gas storage capacity by September/October, which should be…

Read more

German coal return may cut 100 TWh 2023 gas demand – study

(Montel) Germany’s plan to return 10.4 GW of coal- and oil-fired power plants to the market could save…

Read more

Scholz vows to slash planning times by year-end

(Montel) Germany will radically curb planning times for new infrastructure such as clean energy, chancellor Olaf Scholz…

Read more

Coal surges 6% to 3-month high on gas, possible demand rise

(Montel) European coal prices surged over USD 20 to new three-month highs on Tuesday, as buoyant gas markets…

Read more

July LNG imports to offset lower Russian supply – Refinitiv

(Montel) European LNG imports next month are set to edge down from current highs but supply will still…

Read more

North Africa could add 20-25bcm of gas supply to EU

(Montel) North African nations could contribute 20-25bcm of additional gas supply to the EU to help the bloc…

Read more

Nordic Q3 power hits fresh highs on fuels rally

(Montel) The Nordic Q3 power contract hit a record high on Tuesday triggered by higher fuel prices, drier…

Read more

Gas gains amid maintenance, low wind

(Montel) European gas prices climbed roughly 5% on Tuesday morning amid work on Norwegian infrastructure, low wind…

Read more

ENBW signs 20-year LNG supply deal with Venture Global

(Montel) German utility ENBW has signed a 20-year LNG supply contract with US-based Venture Global for 1.5m…

Read more

Colombian coal exports to Europe surge on Russian exodus

(Montel) Colombian thermal coal exports to Europe more than doubled last month to 2.3m tonnes as European buyers…

Read more

Australian state to slap windfall tax on coal profits

(Montel) Australia’s coal-rich state of Queensland will impose progressive windfall taxes on coal profits, amid soaring prices, the…

Read more

Italy would have enough winter gas without Russia – Eni CEO

(Montel) Italy would have enough gas for next winter even if Russian flows were to come to a…

Read more

German spot power to breach EUR 300 as wind wanes

(Montel) German day-ahead power prices looked set on Tuesday to extend their highest level since March as…

Read more

Oil prices edge higher on China demand

(Montel) Oil prices firmed in early trading on Tuesday as signs of rising demand in China offset some…

Read more

Denmark issues "early warning" over gas supply

(Montel) Denmark’s energy agency has issued an “early warning” of potential gas supply disruptions amid reduced flows from…

Read more

End of free carbon permits key to greening steel – Sandbag

(Montel) A swifter end to free allowances distributed to industries in Europe’s carbon market is crucial for…

Read more

Dutch scrap coal plant cap to save gas burn

(Montel) The Dutch government has activated an emergency plan to conserve gas that includes scrapping a production cap…

Read more

Margin woes to persist if energy prices stay high – Uniper

(Montel) High margining costs would continue to curb liquidity in power and gas markets if wholesale prices remained…

Read more

Getting LNG is bigger challenge than terminals – Uniper CEO

(Montel) Germany should reach its goal to quickly bring LNG import capacity online but will struggle to get…

Read more

Full NS1 flows need returned turbines to resume – Russia

(Montel) Russia is prepared to resume full flows on the Nord Stream 1 gas link with Germany once…

Read more

Sweden’s Bixia hires head of financial power trade

(Montel) Swedish portfolio manager Bixia has hired Magnus Reitersjo as deputy CEO and head of financial power trade…

Read more

Spain spot power to drop on lower demand

(Montel) Spanish spot power prices looked poised to drop this week amid lower demand and a gas…

Read more

Russia coal exports to Europe slide 28% in June

(Montel) Russia’s coal exports to European destinations, from the county’s main western ports, so far this month have…

Read more

Uniper gets less than 50% of Russian gas volumes – CEO

(Montel) German power producer Uniper, one of Germany’s largest importers of Russian gas, is receiving less than 50%…

Read more

German power retreats on Berlin’s emergency gas plans

(Montel) Benchmark German power prices retreated around 4% on Monday as Berlin unveiled plans to expedite the…

Read more

RWE and Commerzbank plan offshore wind farm, eye PPAs

(Montel) German energy firm RWE and Commerzbank want to build a 1 GW offshore wind farm in Germany,…

Read more

Gas prices climb as Nord Stream restrictions continue

(Montel) European gas contracts started the week in a bullish mode on Monday, as capacity restrictions on…

Read more

Coal prices jump amid rising EU demand

(Montel) European coal futures surged to three-month highs on Monday – as physical prices hit new highs –…

Read more

Vattenfall buys majority stake in 2.8 GW offshore wind

(Montel) Vattenfall will buy the majority share in two offshore wind projects off Sweden’s west coast from Norwegian…

Read more

European LNG imports fall to fresh low amid outages

(Montel) Seaborne LNG deliveries to European destinations, including Turkey, dropped last week for the first time this year…

Read more

Nordic power futures rise on dry weather, strong spot

(Montel) Nordic front power futures climbed on Monday amid buoyant spot prices and a relatively dry weather outlook…

Read more

Oil prices flat amid supply disruptions, demand concerns

(Montel) Crude oil was flat early on Monday amid unease about supply disruptions, on continuing cuts in…

Read more

Australia’s Newcastle coal exports rise 7% in May

(Montel) Coal exports from the world’s largest coal export hub, Newcastle in Australia, grew almost 7% in May…

Read more

German spot power reaches 3-month high

(Montel) German day-ahead power prices looked set to hit their highest level since mid-March on Monday as…

Read more

Eni joins Qatar LNG project amid curbed Russian flows

(Montel) Italian energy company Eni has joined the world’s largest LNG project, in Qatar, as Russian gas deliveries…

Read more

Russian gas flows remain steady on Monday

(Montel) Russian gas exports to northwestern Europe along three main conduits were expected to come in around…

Read more

Germany eyes coal unit return as soon as possible – Habeck

(Montel) Berlin aims to use a new 10.4 GW reserve – including lignite, hard coal and oil –…

Read more

Berlin earmarks EUR 15bn for additional gas deals – sources

(Montel) German gas market operator Trading Hub Europe (THE) can draw on a EUR 15bn credit line until…

Read more

Germany unveils plan to aid energy traders amid price crisis

(Montel) The German government will offer a financing instrument to help energy market traders absorb increasingly high margin…

Read more

Profit of selling US LNG to Europe doubles in week

(Montel) The profitability of selling US LNG to Europe versus Asia has doubled over the past week as…

Read more

German Cal 23 power resumes upward trend with gas

(Montel) Germany’s benchmark power contract rose on Friday, taking a cue from a buoyant gas market amid reduced…

Read more

Russian gas flows to France at zero – TSO

(Montel) Russian pipeline gas flows into France have come to a complete stop since Wednesday, French TSO GRTgaz…

Read more

Spanish gas-fired power hits fresh high amid heatwave

(Montel) Spain’s gas-fired power plants generated 397 GWh on Thursday, the highest level on record, amid scorching temperatures…

Read more

EUAs resist macro gloom as key vote nears

(Montel) European carbon prices were trading 1% higher on the week on Friday as expectations European Parliamentarians…

Read more

95% of European corporate PPAs failing – Statkraft

(Montel) As many as 95% of European corporate power purchase agreements (CPPAs) break down before being signed, even…

Read more

TTF prices rise amid reduced Russian flows

(Montel) Europe’s benchmark TTF gas prices rose on Friday – albeit not as high as the previous…

Read more

Nordic front-year power surges to record high on gas rally

(Montel) The Nordic front-year power contract surged to a record high on Friday as this week’s gas…

Read more

Olkiluoto 3 delay to boost Nordic Q3, Q4 prices – analyst

(Montel) The delayed launch of the 1.6 GW Olkiluoto 3 nuclear reactor in Finland could boost Nordic spot…

Read more

Gazprom to deliver half Italy's requested gas volumes

(Montel) Russia’s Gazprom will deliver only half of the gas volumes Eni requested for Friday, a spokesperson for…

Read more

Equinor-led group plans 1 GW floating offshore wind farm

(Montel) Equinor and its partners Petoro, TotalEnergies, Shell and ConocoPhillips are considering building a 1 GW floating offshore…

Read more

Oil falls on growing fears of economic downturn

(Montel) Oil prices were falling on Friday as central banks in the US, UK and Switzerland raised interest…

Read more

Germany urges energy rationing on Russian crisis

(Montel) Germany has called on its population to conserve energy after Russia continued to cut flows through the…

Read more

Enel sells stake in Russian unit for EUR 137m

(Montel) Italian utility Enel has sold its entire 56.4% stake in its Russian unit Enel Russia in separate…

Read more

Gazprom to cut gas supplies to Italy for 3rd day – Eni

(Montel) Russia’s Gazprom will deliver less gas to Italy than requested on Friday for a third consecutive day,…

Read more

Italy mulls measures to counter Russian gas cuts

(Montel) The Italian government is pondering whether to adopt “appropriate” measures to counterbalance the impact of reduced Russian…

Read more

Bavarian minister urges Norway to maximise gas exports

(Montel) Bavarian energy minister Hubert Aiwanger urged Norway to maximise exports on its gas pipelines to the…

Read more

Asia-Pacific coal prices eye recovery from 6-week low

(Montel) Asia-Pacific benchmark coal prices have fallen to around six-week lows amid some improvement in regional supply but…

Read more

French Q1 power soars to 11-year high as gas surges

(Montel) French power prices for next year’s first quarter soared to an 11-year high on Thursday as…

Read more

SMR build not impacted by EU taxonomy rules – developer

(Montel) An exclusion of nuclear in the EU’s green finance taxonomy will not affect investments in small-scale modular…

Read more

German power curve prices hit fresh highs on gas cut fears

(Montel) Prices along the German power curve spiked on Thursday, as fears intensified that Gazprom could completely halt…

Read more

Gas prices surge EUR 20 to 3-month high on NS1 cuts

(Montel) European gas surged EUR 20 to a three-month high on Thursday as the market feared a…

Read more

Finland faces tight winter supply without Olkiluoto 3 – TSO

(Montel) Finland faces tight winter power supplies if Olkiluoto 3 nuclear reactor operations are further delayed, CEO Jukka…

Read more

Fire at Russia gas field extinguished, production continues

(Montel) A fire at Russia's largest gas field, Urengoy, has been extinguished and production facilities are back in…

Read more

Nordic July power jumps 9% on German gains

(Montel) Nordic front-month power surged more than EUR 7 on Thursday, lifted by stronger German power prices…

Read more

Norway to boost UK gas supply by 1bcm

(Montel) Norway’s Equinor will increase its gas supply to the UK by 1bcm/year, boosting its existing contract with…

Read more

German LNG terminal starts allocation for 13.3bcm

(Montel) Allocation of regasification capacity has begun for the German Stade LNG terminal project involving a planned 13.3bcm/year…

Read more

German spot power eyes 20% jump on rising demand, gas

(Montel) German day-ahead power prices looked set to gain 23% on Thursday as rising gas costs coupled…

Read more

Gazprom to again deliver less gas than planned to Italy

(Montel) Russia’s Gazprom will deliver less gas than expected to Italy for a second day as it has…

Read more

Oil prices claw back from Wednesday’s 2-3% drop

(Montel) Oil prices edged higher early on Thursday, clawing back from a sell-off in the previous session led…

Read more

Gas rallies over 20% on NS1 capacity cut

(Montel) European gas prices extended early gains and surged over 20% in late Wednesday trading, as gas flows…

Read more

EU may face winter gas glut despite Russia risk – Eurasia

(Montel) Europe could see an oversupply of gas this winter should Russian gas keep flowing on the back…

Read more

NS1 cut may be Russia "political decision" – Habeck

(Montel) Flow cuts on the Nord Stream 1 gas pipeline between Russia and Germany could be a Russian…

Read more

Nord Stream 1 flows to be cut to 40% of capacity – Gazprom

(Montel) Gas flows from a compressor station that feeds the Nord Stream 1 pipeline to Germany will…

Read more

MEP deal keeps 70m cut in EUAs in 2024

(Montel) European parliamentarians still back cutting 70m EU ETS allowances from the bloc’s carbon market in 2024, alongside…

Read more

Polish power output rises 7.6% in May – TSO

(Montel) Polish power output rose 7.6% year on year to 14.1 TWh in May amid higher lignite, wind…

Read more

Nasdaq criticises Norwegian bidding zone, nodal proposals

(Montel) Power exchange Nasdaq has strongly criticised a proposal to increase the number of Norwegian bidding zones or…

Read more

Dutch Q1 gas use hits record low, emissions fall 11%

(Montel) Dutch gas use fell to its lowest level ever for the first quarter, resulting in an 11%…

Read more

Italian gas imports drop 7% in May on lower Russian flows

(Montel) Italian gas imports via pipeline and LNG dropped 7% year on year in May to nearly 6.3bcm,…

Read more

MEPs strike deal on carbon market reform ahead of key vote

(Montel) European Parliamentarians have secured a deal on carbon market reforms that can pass a full vote…

Read more

Finland to stockpile peat to cover winter heating demand

(Montel) Finland has started stockpiling peat for fuel to ensure heating supply next winter, its emergency supply agency…

Read more

Front-month gas extends rally on supply concerns

(Montel) Front-month gas prices on the Dutch TTF hub extended this week’s price rally, rising to their highest…

Read more

German power costs to climb despite coal reserve – analysts

(Montel) Germany’s plan for a 10 GW coal reserve over the next two winters is unlikely to keep…

Read more

Gazprom cuts flows to Italy by 15% – Eni

(Montel) Eni has been informed by its Russian supplier Gazprom about a “limited reduction” in gas supply to…

Read more

Global oil demand growth to accelerate into 2023 – IEA

(Montel) Global oil demand growth should accelerate by 2.2m bbl/day next year after rising 1.8m bbl/day in 2022…

Read more

Nordic July power jumps EUR 6 on stronger gas, German power

(Montel) Nordic power futures continued to rise on Wednesday morning on the back of stronger gas markets and…

Read more

Asian LNG prices spike near 20% on Freeport outage

(Montel) Asian LNG prices spiked overnight on Wednesday, with a 19% jump for August delivery, narrowing the spread…

Read more

France draws up bill to boost offshore wind

(Montel) France’s energy transition ministry is drawing up a bill aimed at speeding up the deployment of…

Read more

German spot power eases on flagging demand, more wind

(Montel) German day-ahead power prices looked set to ease on Wednesday as an increase in wind output…

Read more

Brent crude oil holds above USD 121/bbl amid tight supply

(Montel) Oil prices were trading a shade up early on Wednesday amid signs of tight global supply, despite…

Read more

Freeport outage set to trigger LNG price war – analysts

(Montel) The extended outage at the US LNG terminal Freeport, which will not be fully operational until “late…

Read more

Dutch fine utility EUR 150,000 for insider trading

(Montel) The Dutch competition watchdog (ACM) has fined local utility PZEM EUR 150,000 for failing to disclose…

Read more

Hungary sells over half a million GOs in first auction

(Montel) Hungary has sold all of the 509,224 guarantees of origin (GOs) offered in the country’s first renewable…

Read more

German government rescues Gazprom Germania with loan

(Montel) The German government will extend the trusteeship of Gazprom Germania and support the former Russian company with…

Read more

Nord Stream 1 parts stuck in Canada – Siemens

(Montel) Components of a compressor station that feeds gas into Russia’s Nord Stream 1 pipeline to Germany…

Read more

French river flows at lowest level in 20 years – EQ

(Montel) River flows at French nuclear power plants fell to their lowest average levels in 20 years on…

Read more

Gas soars 20% with Freeport, NS1 setbacks

(Montel) European gas prices jumped more than 20% on Tuesday, as separate outage developments affecting the US…

Read more

Freeport LNG terminal set to fully return in “late 2022”

(Montel) The Freeport LNG facility in the US Gulf will not be fully online “until late 2022” following…

Read more

Fortum seeks to exit Russia by 1 July

(Montel) Finnish utility Fortum is requesting bids for its Russian business by next Tuesday, aiming to complete a…

Read more

German Q4 gas-fired power output may jump 40% – Refinitiv

(Montel) German gas and coal-fired generation could jump 43% and 20%, respectively, on the year in the fourth…

Read more

German power forwards soar EUR 18 on Russian gas fears

(Montel) German forward power contracts jumped more than EUR 18 on Tuesday amid concerns about flows via…

Read more

German THE hub secures 35.7 TWh gas for storage in tender

(Montel) German gas market operator Trading Hub Europe (THE) has secured 35.7 TWh of gas to refill the…

Read more

Front-month gas jumps 10% on Nord Stream 1 issue

(Montel) European front-month gas prices leapt more than 10%, or EUR 9, on Tuesday, boosted by curbs to…

Read more

UK advances Sizewell C funding model

(Montel) The UK has taken a step toward securing financing under a new funding model for EDF subsidiary…

Read more

Nord Stream flows limited by “defects” – Gazprom

(Montel) Gas flows via the Nord Stream 1 pipeline to Germany can only reliably operate at 60%…

Read more

MEPs object to including gas, nuclear in EU taxonomy

(Montel) MEPs in two committees have objected to the European Commission’s proposal to include nuclear and gas energy…

Read more

Iberian spot power drops 23% as gas price cap debuts

(Montel) The Iberian daily power price for Wednesday out-turned at EUR 165.69/MWh in the Omie auction, a 23%…

Read more

European Parliament to reconsider EU ETS reforms 22 June

(Montel) The European Parliament will reconsider planned carbon market reforms on 22 June after the environment committee…

Read more

Nordic power futures rebound on strong spot prices

(Montel) Nordic power futures edged up on Tuesday – after tumbling several euros yesterday to hit a three-week…

Read more

Talks on Doel 4, Tihange 3 to last until September – report

(Montel) Talks between Belgium and Engie on prolonging the lifetime of the Doel 4 (1 GW) and…

Read more

German spot power eyes EUR 9 rise on muted wind output

(Montel) German day-ahead power prices looked set to rise by around EUR 9 – or 5% – as…

Read more

Riverside buys majority stake in Montel

(Montel) The Riverside Company, a global private equity investor, has acquired a majority stake in Montel, it said…

Read more

Oil remains above USD 120 amid supply side issues

(Montel) Oil prices again traded above USD 120/bbl on Tuesday as supply side issues trumped global economic concerns,…

Read more

Carbon pulls back to focus on policy developments

(Montel) European carbon prices were losing ground on Monday in a session characterised by low volumes and participants’…

Read more

French power could top EUR 700 this winter – Total

(Montel) French winter power prices would exceed EUR 700/MWh in the event of a halt to Russian gas…

Read more

German front-year power falls on weaker coal, CO2

(Montel) German front-year power continued to drop on Monday to reach a three-week low, taking cues from weaker…

Read more

Iberian gas price cap may pressure Spanish power

(Montel) Spanish power spot and futures prices could be pressured this week as a cap on gas…

Read more

Coal prices to ease on strong stocks

(Montel) European coal prices were set to resume their bearish trend this week, as swelling stocks and…

Read more

European LNG imports fall 27%

(Montel) Seaborne LNG deliveries to European destinations, including Turkey, fell 27% last week to 2.25bcm, while there are…

Read more

Italy to sell 5.7m GOs in auction next week

(Montel) Italian state-owned energy services company GSE plans to sell more than 5.7m guarantees of origin (GO) for…

Read more

Front-month gas rises amid weaker Russian flows

(Montel) Front-month European gas prices rose on Monday amid a significant drop in Russian gas nominations to…

Read more

Nordic Q3 power slumps to 3-week low on wet outlook

(Montel) Nordic front-quarter power slumped to a three-week low of EUR 86.75/MWh on Monday, as forecasts for rainfall…

Read more

EU needs to do more to hit 70% cross-border capacity – Acer

(Montel) EU nations need to step up efforts to reach the minimum 70% target for electricity interconnector capacity…

Read more

Vattenfall plans 100 MW upgrade to Forsmark 1 reactor

(Montel) Vattenfall will upgrade its 990 MW Forsmark 1 reactor in Sweden by 100 MW in the coming…

Read more

Norway transformer failure curbs output by 460 MW – Statnett

(Montel) A transformer failure at the Salten substation in Northern Norway (NO4) cut production at seven hydropower plants…

Read more

Storage-solar hybrid is key amid price crisis – developer

(Montel) Hybrid battery storage and solar power is making better business sense amid elevated power prices and growing…

Read more

UK raises UKA cost curb measure to GBP 126.13 for September

(Montel) The UK has raised the cost curb measure for its UKA emissions certificates by just over 7%…

Read more

Statkraft makes 300 MW bidding error on Monday

(Montel) Norway’s largest energy producer Statkraft made a 300 MW bidding error in the Norwegian southern bidding zone…

Read more

German spot power to jump 20% on lower wind output

(Montel) German day-ahead power prices looked set to soar over EUR 30 on Monday, as wind generation levels…

Read more

Oil falls on recession fears as US inflation hits 40-yr high

(Montel) Oil was falling on Monday amid economic concerns, which could impact demand, as US inflation soared to…

Read more

Denmark boosts 2030 offshore wind target 50% (4 GW)

(Montel) Denmark has boosted its current 2030 offshore wind target by nearly 50%, or 4 GW, to 12.9…

Read more

UK set to finalise deal to keep 2 GW EDF coal plant open

(Montel) The UK government is set to finalise a deal with EDF this week to keep its 2…

Read more

Russia earns record fossil fuel revenue during war

(Montel) Russia earned an estimated record EUR 93bn from its fossil fuel exports over the first 100 days…

Read more

CO2 volatility persists ahead of compromise deal

(Montel) European carbon prices remained volatile on Friday – rising EUR 1 – as developments on the policy…

Read more

Norway TSO to restrict Oslo area power flows this summer

(Montel) Norwegian TSO Statnett will restrict power flows from the NO1 bidding zone, which includes capital Oslo, this…

Read more

Battery price surge slows storage deployment – experts

(Montel) A battery price surge over the last six months is slowing deployment of battery storage in Europe,…

Read more

German Cal 23 power falls to two-week low on coal drop

(Montel) The German benchmark power contract fell to its lowest level in more than two weeks on…

Read more

Nasdaq unlikely to resume power bank guarantees – experts

(Montel) Power exchange Nasdaq Commodities is unlikely to bring back bank guarantees as collateral for financial power trading,…

Read more

Gas prices retreat as LNG supply concerns abate

(Montel) European gas prices were little changed amid rising pipeline flows in midday trading on Friday, pulling back…

Read more

Carbon policy news, technicals to drive EUAs next week

(Montel) European carbon prices were edging higher on Friday with market participants focused on potentially fresh political developments…

Read more

Norway hydro plant upgrades could add 10-15 GW – Statkraft

(Montel) Potential upgrades to existing hydropower plants in Norway could increase adjustable capacity by 10-15 GW, CEO Christian…

Read more

Nordic front power falls on wet June outlook

(Montel) Nordic power futures fell on Friday morning as the latest weather forecasts predicted a wet weather outlook…

Read more

Solar, holiday weigh on German spot power

(Montel) German spot power prices looked set to rise from this week’s holiday-suppressed levels next week, though…

Read more

China’s coal imports slip 2.3% in May

(Montel) Chinese coal imports declined 2.3% year on year in May – and nearly 16% from the previous…

Read more

Statkraft to conserve water on potential winter crisis – CEO

(Montel) Norway’s largest energy producer Statkraft plans to store significant volumes in hydropower reservoirs ahead of winter should…

Read more

Weak auctions make Italian gas injections laggards of Europe

(Montel) A slow start in auctions to refill gas storage sites is placing Italy’s injection pace behind the…

Read more

Crude prices fall on renewed China lockdown

(Montel) Crude oil was lower early on Friday amid unease about the impact on demand from a renewed…

Read more

Centrica applies to reopen Rough gas storage site – report

(Montel) Energy firm Centrica has submitted a formal application to reopen Rough - the UK’s largest gas storage…

Read more

Parliamentary haggling on EU ETS to focus on industry rules

(Montel) European Parliamentary negotiations to tighten the carbon market looked set on Thursday to focus on when…

Read more

CO2 recovers after reform surprise

(Montel) EU carbon prices were recovering on Thursday – having hit a 15-day low yesterday after the European…

Read more

Spanish power extends losses after EC approves gas price cap

(Montel) Spanish power futures extended the previous session’s losses on Thursday after the European Commission gave its…

Read more

Algeria-Spain spat will not hit gas flows – analysts

(Montel) A breakdown of diplomatic relations between Algeria and Spain will not impact gas flows from the…

Read more

US LNG outage “quite significant” for Europe – analysts

(Montel) A three-week outage at the Freeport LNG facility, in the US Gulf – following a fire…

Read more

France launches gas tender for back-up suppliers

(Montel) France’s energy ministry has launched a tender for back-up gas suppliers to replace regular suppliers who…

Read more

Finland's first floating LNG terminal to berth in Inkoo port

(Montel) Finland’s first floating LNG terminal vessel will berth in the country’s southern Inkoo port, said Gasgrid Finland…

Read more

Finland halts Fennovoima’s 1.2 GW reactor application

(Montel) The Finnish government has formally stopped processing Fennovoima’s application to build the 1.2 GW Hanhikivi 1 nuclear…

Read more

Newcastle coal retreats with improving supply

(Montel) The Pacific basin’s leading thermal coal index has extended recent declines to slip towards USD 400/t…

Read more

Russia's western coal exports steady in June

(Montel) Russia’s coal exports from western ports have so far this month remained relatively flat versus May, as…

Read more

Gas prices soar as Freeport LNG shuts after fire

(Montel) European gas prices jumped early on Thursday after reports that US LNG facility Freeport will shut…

Read more

Nordic power prices climb EUR 3.50 on gas surge, drier spell

(Montel) Nordic power futures jumped up to EUR 3.50 on Thursday amid surging gas prices due to a…

Read more

Svea Solar receives EUR 100m for 500 MW capacity expansion

(Montel) Swedish renewables firm Svea Solar has received EUR 100m in funding from US investment fund Carval to…

Read more

France launches probe into alleged cover-ups at nuclear unit

(Montel) French prosecutors have launched a judicial investigation amid allegations that safety incidents at EDF’s Tricastin nuclear power…

Read more

Freeport LNG plant fire to curb exports, TTF jumps

(Montel) The second-biggest US LNG facility looks set to reduce exports at a time of pronounced European…

Read more

Better Energy signs 10-year PPA with Telenor, Telia

(Montel) Danish renewables producer Better Energy has signed a 10-year power purchase agreement with Scandinavian telecoms companies Telenor…

Read more

German spot power to rise as wind output drops

(Montel) German day-ahead power prices looked set to edge higher on Thursday amid forecasts for wind production…

Read more

Brent crude oil briefly extends gains to above USD 124/bbl

(Montel) Oil prices extended this previous day’s gains in early Thursday trading, buoyed by flagging gasoline stockpiles in…

Read more

EC grants approval for Iberian gas price cap

(Montel) The European Commission gave its final approval to a temporary Spanish and Portuguese cap on gas prices…

Read more

Carbon extends losses after upset vote

(Montel) European carbon prices extended recent losses to fall to a 15-day low after the European Parliament…

Read more

Estonia’s Fermi Energia to start nuclear SMR output in 2032

(Montel) Estonian energy company Fermi Energia aims to start power generation from the first nuclear small modular reactor…

Read more

LNG supply to be “extremely tight” until 2025 – Bernstein

(Montel) Global LNG demand will outstrip supply until 2025, though Europe still looks set to meet its goal…

Read more

Germany could be warmer than normal until 2028 – DWD

(Montel) Germany could see average temperatures between 0.5-1C above the norm until 2028 due to climate change, with…

Read more

Europe TSOs, exchanges launch flow-based market coupling

(Montel) TSOs and power exchanges on Wednesday successfully launched flow-based power market coupling in day-ahead markets in…

Read more

CBAM start dispute disrupts ETS reform plans

(Montel) A dispute over when to start phasing out free allowances as part of the EU’s planned carbon…

Read more

French ASN suspends corrosion check for 1.3 GW Penly 1 unit

(Montel) France’s ASN nuclear safety authority has suspended corrosion checks at EDF’s Penly 1 (1,300 MW) reactor after…

Read more

LNG freight rates jump to highest since winter – Spark

(Montel) Atlantic-basin LNG freight rates have doubled on the month, exceeding USD 100,000/day for the first time this…

Read more

European Parliament rejects carbon market package

(Montel) The European Parliament failed to agree a negotiating position on carbon market reforms in a vote…

Read more

German cabinet approves 10 GW power plant reserve

(Montel) Germany’s cabinet has approved plans to create a 10.4 GW reserve of power plants fired by hard…

Read more

German power prices slump amid weaker gas, EDF outage review

(Montel) German power prices dropped on Wednesday amid a weaker gas market and after French utility EDF announced…

Read more

Adriatic starts allocation for 147bcm LNG capacity

(Montel) Adriatic LNG has kicked off allocation of 147bcm of regasification capacity for October 2022-December 2047, it said…

Read more

TTF gas extends losses on lower demand despite flow cuts

(Montel) European gas prices fell in morning trading for a sixth consecutive day on lower demand, setting a…

Read more

South Africa “big winner” in EU’s Russian coal exodus

(Montel) South Africa is emerging as the “big winner” in the EU’s exit from Russian coal, with the…

Read more

Spain solar capture rate could trail baseload 30% – Pexapark

(Montel) Spanish solar power producers’ renewable capture rates could fall to as much as 30% below baseload prices…

Read more

Nordic front power drops further on wet outlook

(Montel) The Nordic Q3 power contract on Wednesday dropped for the fourth consecutive session amid a prolonged…

Read more

Nasdaq mulls bank guarantee return to boost Nordic volumes

(Montel) Nasdaq Commodities is considering a reintroduction of bank guarantees for collateral in the Nordic power market to…

Read more

French industrial gas demand falls 10% in January-April

(Montel) French industrial gas demand fell 10% to 44.6 TWh in January-April compared to the same period in…

Read more

German spot power eases with more wind

(Montel) German day-ahead power prices looked set to ease on Wednesday, as an increase in wind output…

Read more

US trims LNG export growth forecast for 2022

(Montel) US LNG exports should rise almost 22% year on year in 2022, 1 percentage point less than…

Read more

EDF delays winter outages at 7 French reactors

(Montel) EDF has delayed planned outages next winter at seven French reactors and was mulling pushing back an…

Read more

Statkraft plans 630 MW upgrade of hydropower plant

(Montel) Norwegian power producer Statkraft plans to increase the capacity at its Mauranger II hydropower plant in southern…

Read more

Brent crude rises to near USD 121/bbl amid tightening supply

(Montel) Oil prices edged higher early on Wednesday as growing demand prospects in China and the US –…

Read more

Coal, gas prices fall on waning demand

(Montel) European coal and gas prices dropped on Tuesday amid waning seasonal demand and healthy supply, while CO2…

Read more

EU coal terminal stocks grow to 2-year high

(Montel) Coal inventories at northwest European ports have risen 6% on the week to their highest since June…

Read more

US exports 74% of its LNG to Europe in January-April – EIA

(Montel) The US exported 74% of its LNG to Europe in January-April compared with 34% a year earlier…

Read more

Spanish TSO cites security for curbing gas data transparency

(Montel) Spanish gas TSO Enagas has ceased making public its monthly forecasts for LNG tanker arrivals and pipeline…

Read more

EC still assessing Iberian gas price cap plans

(Montel) The European Commission (EC) is still assessing Spain and Portugal’s formal requests to introduce a gas price…

Read more

TTF gas touches 15-week low on strong supply

(Montel) European gas prices extended losses on Tuesday to touch their lowest levels since Russia’s 24 February…

Read more

German Cal 23 power dips on gas, coal

(Montel) German Cal 23 power retreated further from last week’s highs on Tuesday, pressured by extended losses in…

Read more

EU ETS reform ambitions face tight vote in parliament

(Montel) Plans to cut EU carbon market emissions face a tight vote in the European Parliament on Wednesday…

Read more

Nuclear crucial for EU energy amid Ukraine war – Finland

(Montel) Russia’s war in Ukraine has increased the importance of nuclear in Europe’s energy mix, Finnish economy minister…

Read more

FocusEconomics raises 2022 coal price outlook 9%

(Montel) Pacific basin benchmark coal prices could average USD 245.90/t this year, up 9% or USD 20.40 from…

Read more

German onshore wind tender 28% undersubscribed – BNA

(Montel) The latest German tender for 1.3 GW of onshore wind power was about 28% undersubscribed, the country’s…

Read more

Nordic July power tumbles 6% on softer German power

(Montel) Nordic front-month power shed more than EUR 5 on Tuesday, pressurised by softening German power prices…

Read more

German spot power to rise nearly EUR 10 on subdued wind

(Montel) German day-ahead power prices looked set to rise almost EUR 10 on Tuesday, as forecasts indicated a…

Read more

Danske Commodities signs PPA with UK energy-from-waste unit

(Montel) Danske Commodities has signed a power purchase agreement (PPA) with Cory Group to manage the electricity produced…

Read more

Oil prices continue rise on rebounding China demand

(Montel) Oil prices rose for the second consecutive session this week on Tuesday as demand in China continued…

Read more

Carbon slides over 5% as key vote looms

(Montel) Carbon prices dropped more than 5% in Monday trading ahead of an important European Parliament vote this…

Read more

Estonia attracts 1.2 TWh/yr in oversubscribed green auction

(Montel) Estonia’s latest renewable energy auction was oversubscribed attracting 29 bids from companies that will produce 1,201 GWh…

Read more

European LNG imports rise 20%

(Montel) Seaborne LNG deliveries to European destinations, including Turkey, increased 20% last week to almost 2.7bcm, while there…

Read more

Italy should eye costs, revenue in green auctions – report

(Montel) Italy should consider the role of investments costs, revenue, agricultural solar projects and batteries to improve its…

Read more

Spanish spot power to hold above EUR 200 on high demand

(Montel) Spanish spot power prices looked poised to remain above EUR 200/MWh amid higher demand as temperatures…

Read more

TTF gas front month rises amid reduced Russian supply

(Montel) The benchmark Dutch TTF front-month contract rose on Monday morning amid a fall in Russian pipeline supply,…

Read more

RWE’s 60 MW Irish battery storage project fully operational

(Montel) RWE’s 60 MW battery storage unit, located in County Monaghan in the north of Ireland, is fully…

Read more

Coal prices hold firm amid steady demand

(Montel) European coal prices would likely remain steady to higher over the coming week as abundant near-term supply…

Read more

Naturgy CEO rules out Algerian gas volume cut – report

(Montel) Algerian gas volumes contracted by Spain’s energy firm Naturgy were not under threat of being cut amid…

Read more

Russian gas flows to ease 4% on Monday

(Montel) Russian gas exports to northwestern Europe along three main conduits were expected to decline nearly 9mcm from…

Read more

Oil prices rise as supply concerns continue to dog market

(Montel) Oil prices were rising on Monday – while crude posted its sixth weekly gain last week –…

Read more

Low Rhone flows to cut output at several reactors – analyst

(Montel) Low flow rates on the Rhone River will likely lead to “regular” output cuts at several French…

Read more

TSOs to boost Norway export capacity by 50% to Denmark

(Montel) Norway can export up to 1,632 MW of electricity to Denmark from 10 June, up from 1,100…

Read more

Norway’s NVE to fast-track hydropower with storage

(Montel) Norwegian energy agency NVE said on Friday it will prioritise applications for large hydropower projects with…

Read more

RWE boss laments lost Russian gas imports

(Montel) RWE boss Markus Krebber has chastised fellow customers of Russian gas for letting a dispute over…

Read more

BNA appoints Egbert Laege CEO of Gazprom Germania

(Montel) German regulator BNA on Friday appointed Egbert Laege as new CEO of Gazprom Germania, the former…

Read more

Carbon prices rise ahead of key market reform vote

(Montel) European carbon prices continued to creep higher amid limited trading on Friday as attention was set…

Read more

TTF gas futures trade mixed amid rising storage

(Montel) Gas prices at the Dutch TTF hub were little changed in thin trading on Friday, with…

Read more

Nordic July power dips EUR 5 on wetter outlook

(Montel) Nordic front-month power tumbled on Friday as weather forecasts for more rainfall suggested a boost in…

Read more

EU confirms phasing out Russian crude imports over 6 months

(Montel) The EU has formally confirmed plans to phase out buying, importing or transferring crude oil from Russia…

Read more

German spot power to fall next week on more wind, low demand

(Montel) German spot power prices looked set to drop next week amid expectations of an increase in…

Read more

Oil prices ease after Opec+ agrees to accelerate output

(Montel) Oil futures edged lower in early Friday trading after Opec and its allies agreed to increase production…

Read more

Germany to see 3.5 GW of new gas-fired capacity by 2025

(Montel) Germany can expect to see the launch of 3.5 GW of new gas-fired capacity by the end…

Read more

Carbon slips from 2-week high

(Montel) European carbon prices eased late in Thursday’s session after extending gains amid a lack of supply from…

Read more

Opec+ agrees 0.648m bbl/day supply boost for July

(Montel) Opec+ agreed on Thursday to boost oil supply by 0.648m bbl/day each in July and August…

Read more

France must double its 2030 biomethane target to 20% – TSO

(Montel) France must double its biomethane consumption target to 17-20% by 2030 from the current 7-10% to…

Read more

German wind, solar capacity grows 670 MW in April

(Montel) Germany’s wind and solar capacity grew 670 MW in April compared with 845 MW in March,…

Read more

Swiss eye 4 TWh imports amid low French nuclear supply

(Montel) Switzerland should import 4 TWh of power in the coming winter – mostly from Germany, Austria and…

Read more

Europe is leaving behind carbon capture – expert

(Montel) Carbon capture and storage (CCS) was largely forgotten in the REPowerEU plan, yet this technology will…

Read more

Epex appeals trading decision over 1.4 GW UK-Norway cable

(Montel) European spot exchange Epex Spot is appealing Norway’s decision to grant rival Nord Pool a licence…

Read more

France TSO will ask EC to revive 3rd Spain gas pipeline

(Montel) France’s southwestern TSO Terega will ask the European Commission this month to revive a pipeline project…

Read more

Hydropower GOs rise amid supply squeeze

(Montel) Nordic hydropower guarantee of origin (GO) prices gained in the week to Thursday, as lack of precipitation…

Read more

Poland to bring forward relaunch of 1.3 GW link with Ukraine

(Montel) Poland plans to refurbish an idle 1.3 GW interconnector between Poland and Ukraine by the end of…

Read more

German power curve hits fresh 2022 high on fuel concerns

(Montel) German benchmark power prices continued to extend a streak of gains for an eighth day on…

Read more

Gas front month slides as supply jitters ease

(Montel) European front-month gas prices were falling on Thursday amid low liquidity as market jitters subsided over possible…

Read more

Newcastle coal eases with softer gas

(Montel) The Pacific basin’s leading coal index has retreated from a recent historical high, tracking a downturn…

Read more

Nordic power reaches new highs amid dry weather, carbon

(Montel) Nordic power futures rose to fresh record highs on Thursday amid continued dry conditions and rising European…

Read more

German spot power to dip as low demand offsets drop in wind

(Montel) German day-ahead power prices looked set to edge lower on Thursday amid the prospect of flagging…

Read more

French power capacity drops 2 GW amid strikes

(Montel) French power capacity has fallen by 2,053 MW amid strikes by power plant workers on Thursday,…

Read more

Germany orders refilling of Rehden gas storage facility

(Montel) The German economy ministry has issued a decree to refill the country’s largest gas storage facility…

Read more

Oil prices slump 2% ahead of Opec meeting

(Montel) Oil prices were 2% lower in early trading on Thursday, ahead of an Opec-led meeting of producers…

Read more

EU cuts 2030 fossil-fired power output by one-third – report

(Montel) EU countries have slashed their 2030 fossil-fired power generation plans by one-third to 595 TWh, according to…

Read more

Carbon gains amid lack of auctions, thin volume

(Montel) European carbon prices climbed to a two-week high on Wednesday, aided by a pause in daily allowance…

Read more

Spain to extend emergency energy measures to end-September

(Montel) The Spanish government will extend for another three months until the end of September emergency energy…

Read more

Coal virtually absent from UK power mix in May

(Montel) Coal-fired generation was virtually absent from the UK power mix in May, as gas and wind clawed…

Read more

MSR sales would spur carbon price volatility – Refinitiv

(Montel) Proposals to draw on a reserve of carbon allowances to help fund a shift from Russian…

Read more

German front power futures drop in line with gas

(Montel) Most German power futures stood lower in midday trading on Wednesday, weighed down by flagging gas…

Read more

Europe’s May LNG imports slip nearly 3% amid UK slump

(Montel) European LNG imports edged down nearly 3% month on month in May to 14.3bcm, led by a…

Read more

EU lawmakers to pull back on ETS reform ambitions

(Montel) EU lawmakers are set to push for a 63% cut in industry and power sector emissions by…

Read more

France may become net power importer this summer – EQ

(Montel) France may become a net power importer this summer for the first time in over 20 years…

Read more

Gas prices slip as Russia, Norway flows rise

(Montel) European gas prices dropped in early Wednesday trading amid an upturn in Russian and Norwegian gas nominations,…

Read more

Spain connects 268 MW renewables capacity in May

(Montel) Spain added 137 MW of solar and 131 MW of wind capacity in May, bringing the…

Read more

Gazprom gas exports to Europe fall 28% in Jan-May

(Montel) Gazprom's gas exports to Europe dived 28% in the first five months of the year, the Russian…

Read more

Hungary to launch first GO auction on 14 June

(Montel) Hungary will launch its first guarantee of origin (GO) auction on 14 June, the Hungarian power exchange…

Read more

Nordic Q3 power hits fresh high as hydro resources stay low

(Montel) The Nordic Q3 contract on Wednesday rose for the sixth consecutive session to a fresh high of…

Read more

France should raise Arenh volume 30% for 2023 – regulator

(Montel) France should raise the volume of nuclear power that EDF sells to rivals at the regulated…

Read more

German spot power eases as solar and wind output rise

(Montel) German day-ahead power prices looked set to fall back below EUR 200/MWh on Wednesday due to…

Read more

Gazprom confirms gas cuts to Orsted, Shell

(Montel) Gazprom has terminated gas supply deals with Denmark’s Orsted and Shell Energy Europe for their failure…

Read more

Oil prices see-saw in volatile trading after EU sanctions

(Montel) Oil prices were little changed early on Wednesday following a spike in the previous session driven by…

Read more

France’s Engie still paying for Gazprom’s gas in euros

(Montel) French utility Engie is still paying Russian energy giant Gazprom for its contracted gas supplies in…

Read more

EU leaders urge EC to explore gas import price caps

(Montel) EU leaders want the European Commission to look at whether temporary price caps on gas imports are…

Read more

Gazprom to halt gas supply to Orsted, Shell

(Montel) Gazprom will halt gas supply to Danish utility Orsted and Shell Energy Europe from Wednesday due to…

Read more

Eon, Tes, Engie plan fifth German floating LNG terminal

(Montel) Energy company Eon plans to station another floating LNG import terminal in Wilhelmshaven with project partners…

Read more

Russian NS1 gas flow drop due to end of Dutch deal – BNA

(Montel) A 12mcm/day drop in Russian gas flows via the Nord Stream 1 pipeline was due to…

Read more

Coal surges 10% amid market nervousness

(Montel) European coal prices jumped 10% in Tuesday trading amid lingering nervousness regarding supply beyond a looming ban…

Read more

Proposed EU ETS reforms threaten Europe’s steel – Eurofer

(Montel) Proposals in the European Parliament to crack down more harshly on free carbon allowances distributed to…

Read more

Habeck dismisses power price cap

(Montel) Germany is unlikely to see a cap on power prices although skyrocketing prices hit large industrial consumers,…

Read more

PGNiG imports record 0.6bcm LNG to Poland in May

(Montel) Poland's gas monopoly PGNiG contracted 6 LNG carriers to the country last month, equivalent to a record…

Read more

EU rules on GO qualities could boost prices – expert

(Montel) A potential change of EU regulation could spur demand for certificates with certain qualities, making guarantees of…

Read more

Nordics to see wide power price spreads until 2030 – analyst

(Montel) Power prices will continue to vary strongly between northern and southern parts of Scandinavia until 2030, analyst…

Read more

Gazprom has not yet cut gas supply to Orsted

(Montel) Denmark’s Orsted is still receiving gas from Gazprom, despite refusing to pay for supplies in rubles, as…

Read more

Spain power generation climbs 7% in May amid higher exports

(Montel) Spain’s power generation rose 6.8% year on year in May to 20.9 TWh amid net exports…

Read more

Gas front month gains on flow uncertainty

(Montel) European front-month gas prices rose on Tuesday amid lower Russian flows and heightened concerns over the future…

Read more

Europe’s coal imports may jump 44% this year – analyst

(Montel) European seaborne thermal coal imports could rise 44% this year to 84m tonnes, as utilities take advantage…

Read more

Europe needs to extend coal use amid gas crisis – analyst

(Montel) The war in Ukraine has harmed plans to use gas as a bridging fuel for power generation…

Read more

Dutch govt says can cope in winter without Russia's gas

(Montel) The Dutch government and gas TSO Gasunie said they were not concerned about security of supply in…

Read more

Europe has lost 20bcm gas amid Gazprom contract cuts – Icis

(Montel) The cumulative volume of European gas imports lost for failure to comply with Russia’s rubles-for-gas payment…

Read more

Nordic power front rises EUR 4 on stronger German prices

(Montel) Nordic power futures continued to rise on Tuesday morning, with June and Q3 contracts hitting record highs…

Read more

Italy’s GSE awards 13% of capacity in latest green auction

(Montel) Italy’s state-owned energy services company GSE allocated only 13% of the renewable energy capacity available in its…

Read more

Italian hydrogen sector needs subsidies to thrive – experts

(Montel) Italian hydrogen experts say the country’s sector needs subsidies to thrive despite ambitious EU targets and improving…

Read more

Portuguese 2022 GO prices rise in May auction

(Montel) Prices of Portuguese guarantees of origin (GOs) for renewable power produced last January and February jumped at…

Read more

German spot power to edge lower with higher wind output

(Montel) German day-ahead power prices looked set to fall around EUR 1 on Tuesday as forecasts indicated a…

Read more

Russian gas flows to drop 10% on Tuesday

(Montel) Russian gas exports to northwestern Europe along three main conduits were expected to drop 21mcm day on…

Read more

Enefit Green to build 32 MW Estonian solar farm

(Montel) Enefit Green, the renewables subsidiary of Estonian utility Eesti Energia, has plans to build a 32 MW…

Read more

Oil prices climb on EU deal to ban most Russian oil imports

(Montel) Oil prices rose early on Tuesday after EU leaders struck a deal to ban most Russian oil…

Read more

Dutch GasTerra to refuse 2bcm Russian gas

(Montel) Dutch gas trader GasTerra has decided not to comply with Gazprom’s demands for ruble payments, effectively refusing…

Read more

Energy markets firm as EU leaders meet

(Montel) European energy prices were largely firmer on Monday afternoon, with coal, oil and some gas prices gaining…

Read more

Denmark not concerned about gas supply amid Gazprom threat

(Montel) Denmark’s energy agency is not immediately concerned about the country’s security of gas supply despite Russian giant…

Read more

German Cal 23 power hits record high on coal strength

(Montel) The German front-year power contract reached a record high on Monday, lifted by a bullish coal market…

Read more

Spain spot power may climb EUR 15 on less wind

(Montel) Average Spanish spot power prices may jump EUR 15 on lower renewable supply this week, while…

Read more

European LNG imports fall to year low

(Montel) Seaborne LNG deliveries to European destinations, including Turkey, fell nearly 23% last week to 2.14bcm, the lowest…

Read more

EU coal terminal stocks swell to 20-month high

(Montel) Coal inventories at northwest European ports have risen 8% on the week to their highest since September…

Read more

Gas prices edge up on EU oil embargo talks, low renewables

(Montel) European benchmark gas futures rose on Monday amid EU talks of banning Russian oil imports as…

Read more

Gazprom may cut gas supply to Orsted

(Montel) Gazprom Export could potentially cut gas supply to Denmark’s Orsted this week, as the deadline for paying…

Read more

European coal prices to rise as Russian supply slows

(Montel) European coal prices looked set to gather further support this week from a slowdown in Russian supply…

Read more

Nordic June, Q3 power hit record highs on bullish weather

(Montel) Nordic power futures traded up across the board on Monday amid bullish weather forecasts and higher-than-expected…

Read more

Developer 3Flash Solar plans 40 MW farm in Finland

(Montel) Finnish renewables developer 3Flash Solar plans a 40 MW solar farm in eastern Finland and is eyeing…

Read more

Low wind to keep German spot power steady

(Montel) German day-ahead power prices looked set to settle little changed on Monday as relatively low wind generation…

Read more

Italy sells 193 MW of demand response contracts for June

(Montel) Italian TSO Terna has sold nearly 193 MW of the 300 MW offered of demand-side response power…

Read more

Crude prices climb as EU considers Russia oil sanctions

(Montel) Crude oil prices hit their highest levels so far this month early on Monday on optimism…

Read more

Gas prices recover after hitting 3-month low

(Montel) European gas prices recovered on Friday afternoon after dipping to their lowest level since Russia’s invasion…

Read more

EU LNG discount to TTF gas narrows from records

(Montel) The price of LNG arriving in Europe has narrowed for a second straight week from a record…

Read more

G7 seeks decarbonised power systems by 2035

(Montel) The Group of Seven economic powers on Friday promised to strive for “predominantly decarbonised electricity sectors…

Read more

CO2 to see volatile trading on reform debate

(Montel) European carbon prices were falling on Friday, though looking ahead the market was set to remain volatile…

Read more

UK GO prices set to rise with end to EU imports

(Montel) Prices in the UK market for renewable energy guarantees of origin (Regos) looked set to rise if…

Read more

Capacity limits will not deter UK LNG arrivals – TSO

(Montel) LNG vessel arrivals to the UK should be largely unaffected by forthcoming capacity limits imposed at two…

Read more

German spot power to rise next week as wind to plummet

(Montel) German spot power prices looked set to gain next week amid forecasts showing rapidly declining wind…

Read more

Germany, US discuss energy partnership on H2, wind

(Montel) Germany and the US have signed a partnership to speed up the energy transition, including plans to…

Read more

Better Energy, Forus plan 1 GW solar in Finland

(Montel) Danish renewables group Better Energy said it plans to develop 1 GW of solar capacity in Finland…

Read more

Dutch government under pressure to tweak coal plant limit

(Montel) The Dutch government is coming under growing pressure from politicians and energy market experts to tweak…

Read more

EU makes plans for possible total Russia gas cut – report

(Montel) Europe is working on contingency plans in case Russia completely cuts off its gas supplies, the EU’s…

Read more

Crude prices range-bound ahead of Opec+, EU meetings

(Montel) Crude oil was range-bound early on Friday ahead of next week’s Opec+ meeting and as the European…

Read more

CO2 rises amid thin trading, auction dearth

(Montel) European carbon prices rose 3% in Thursday trading amid thin liquidity and as a lack of auctions…

Read more

Eni, Algeria sign deal to speed up gas development

(Montel) Italian energy firm Eni signed a memorandum of understanding with Algerian state-owned energy company Sonatrach to accelerate…

Read more

New Spanish gas links could hurt decarbonisation – expert

(Montel) Gas pipeline projects linking Spain with France and Italy risked derailing the EU’s decarbonisation plan and…

Read more

Italy renewables’ requests for grid connection jump 36%

(Montel) The number of requests to connect renewable plants to the Italian electricity network has grown 36% in…

Read more

UK targets oil and gas majors with “energy profits levy”

(Montel) The UK government will impose a temporary energy profits levy on oil and gas companies as part…

Read more

LNG prices could surge in H2 amid growing competition

(Montel) Global LNG prices could surge in the second half of the year amid increased competition between Europe…

Read more

UK coal imports jump 30% in Q1

(Montel) UK coal imports rose over 30% on the year to 1.4m tonnes in the first quarter, preliminary…

Read more

Gas front month falls amid milder forecasts, holiday

(Montel) European front-month gas prices were falling on Thursday amid milder weather forecasts and thin liquidity due to…

Read more

GO prices move sideways amid dry weather, strong demand

(Montel) European guarantees of origin (GO) prices have moved sideways the week to Thursday but remained well-supported by…

Read more

Asia-Pacific coal prices hover close to record high

(Montel) Asia-Pacific benchmark coal prices have risen 1.4% this week, remaining close to record high levels thanks to…

Read more

Oil prices firm after US crude inventories recede further

(Montel) Oil prices rose modestly in early Thursday trading after official US data showed the nation’s crude inventories…

Read more

Engie to supply Heineken with 30 MW solar energy in Spain

(Montel) Dutch brewer Heineken has signed a 20-year agreement with Engie to receive heat and power from a…

Read more

Coal sinks to 3-week low amid ample supply

(Montel) European coal prices sank USD 15 to a three-week low on Wednesday, as growing stocks in northwest…

Read more

Norway could see net power imports from UK this summer – EQ

(Montel) Norway could see net imports from the UK over the 1.4 GW North Sea Link this summer…

Read more

Lithuanian LNG terminal fails to meet surging Q4 demand

(Montel) Lithuania’s sole LNG import terminal has received requests for four times more of the fuel in Q4…

Read more

Nord Pool mulls acquisitions ahead of financial launch

(Montel) Nordic power exchange Nord Pool may acquire rivals ahead of a possible expansion into financial power trading,…

Read more

Finland needs to build more power capacity – lobby

(Montel) Finland needs to build more power generation and continue nuclear investment following the loss of Russian energy…

Read more

RWE signs long-term 3bcm/year US LNG supply deal

(Montel) German utility RWE’s trading unit has signed a 15-year deal with US-based Sempra Infrastructure for 2.25m tonnes/year…

Read more

German front-year power gains with gas, carbon

(Montel) Germany's Cal 23 power contract rose to a one-week high on Wednesday amid stronger gas and carbon…

Read more

June gas trades flat as higher LNG offsets lower flows

(Montel) European front-month gas prices were trading flat on Wednesday as easing import flows countered higher wind output…

Read more

Global thermal coal supply may contract 2% in May

(Montel) Global seaborne thermal coal supply could contract by 2.2% on the year in May, provisional dry bulk…

Read more

Sweden’s reactors can eke out extra 300 MW to meet demand

(Montel) Sweden’s nuclear power reactors could get upgrades to increase capacity by nearly 300 MW – or around…

Read more

Nordic June, Q3 power hit fresh contract highs

(Montel) Nordic front-month and Q3 power prices hit fresh contract highs on Wednesday amid drier, less windy…

Read more

Statkraft to supply Norway battery factory with 1.4 TWh

(Montel) Norwegian power producer Statkraft will supply 1.4 TWh to a planned battery factory in northern Norway over…

Read more

SSE hedges 91% of 2022-23 wind, 85% of hydropower

(Montel) UK energy firm SSE has hedged 91% of its expected 5.2 TWh wind volume for 2022-23, at…

Read more

German spot power to plunge 60% as wind doubles

(Montel) German day-ahead power prices looked set to shed more than EUR 100 on Wednesday as forecasts…

Read more

PGE power sales price soars 84% in Q1, profit up a third

(Montel) Polish utility PGE saw the achieved average power price for its generation soar 84% in Q1 to…

Read more

Belgian regulator urges tax on wind farms – report

(Montel) Belgium’s energy regulator Creg has called for domestic offshore wind farms to reimburse excess profits which…

Read more

Oil prices rise amid tightening supplies, weakening dollar

(Montel) Oil prices rose early on Wednesday amid tightening supplies of refined products, a flagging US dollar and…

Read more

Russian gas cut to Germany could buoy prices to EUR 200

(Montel) German gas prices could soar to EUR 200/MWh within the next month in the case of a…

Read more

Nordic June power hits fresh high on strong spot

(Montel) The Nordic power contract for June climbed EUR 7 to a record high of EUR 93.25/MWh on…

Read more

Germany may allow return of 10 GW capacity in gas crunch

(Montel) The German government plans to allow a market return 10.4 GW of hard coal, lignite and oil-fired…

Read more

THE awards 80% of tendered gas volumes for storage injection

(Montel) German gas market operator Trading Hub Europe (THE) awarded 80% of the tendered 59.6 TWh of…

Read more

CO2 jumps 6% amid MSR plan uncertainty

(Montel) European carbon jumped nearly 6% in Tuesday trading amid a technical rebound from recent sharp losses and…

Read more

Italy could add 8 GW green energy this year – minister

(Montel) Italy could add up to 8 GW of renewable energy capacity this year following the government’s streamlining…

Read more

Austria secures 8 TWh in undersubscribed gas tender

(Montel) Austria’s gas market operator AGGM has secured 7.7 TWh of gas and storage capacity in an undersubscribed…

Read more

UK energy bills set to soar to near GBP 3,000/year

(Montel) The UK’s consumer energy bills could rise by more than 40% to GBP 2,800 per year from…

Read more

Norway braces for sharp tightening of power supply

(Montel) Norway is preparing for a sharp tightening of hydropower supply with rising prices, driven by a combination…

Read more

German power curve rises on gas, carbon, lower wind

(Montel) German power contracts gained on the back of higher gas and CO2 prices on Tuesday, with…

Read more

Prompt gas rebounds from sell-off

(Montel) European gas prices rebounded from a sharp sell-off during the previous session on Tuesday morning, as…

Read more

British power market needs substantial reform – ESO

(Montel) The British power market needs to be “substantially reformed” if it is to deliver net zero emissions…

Read more

TSO flags security of power supply issue in southern Norway

(Montel) Norwegian TSO Statnett has warned of a “pressed” security of supply situation in the NO1, NO2 and…

Read more

Nordic front edges up on stronger gas, German power

(Montel) Nordic power front contracts edged up on Tuesday amid higher gas and German power prices, while a…

Read more

Europe gas crisis hampers blue hydrogen outlook – analysis

(Montel) Europe’s gas supply crisis has lifted blue hydrogen production costs, leaving it an expensive and high-risk investment,…

Read more

Fennovoima scraps reactor build licence due to Ukraine war

(Montel) Finnish nuclear developer Fennovoima has withdrawn its construction licence application concerning the 1.2 GW Hanhikivi 1 reactor…

Read more

Axpo sells 65.5 MW French wind portfolio to Greencoat

(Montel) Swiss utility Axpo has sold four onshore wind farms totalling 65.5 MW in central France to…

Read more

German spot power eyes 10% rise on lower wind output

(Montel) German day-ahead power prices looked set to rise around 10% on Tuesday as an anticipated drop in…

Read more

Russian gas flows to rise 1.5% on Tuesday

(Montel) Russian gas exports to northwestern Europe along three main conduits were expected to rise 1.5% day on…

Read more

Oil prices fall on concerns of economic downturn

(Montel) Oil prices fell on Tuesday amid concerns of a global economic downturn, stoked by fears China would…

Read more

UK finance secretary eyes GBP 10bn energy windfall tax

(Montel) UK finance secretary Rishi Sunak has ordered officials to draw up plans for a possible windfall tax…

Read more

German Gazprom gas storage can hit targets – analysts

(Montel) The gas storage sites of Gazprom subsidiaries can still be filled according to German government goals…

Read more

Carbon extends losses to 5-week low

(Montel) European carbon prices were falling on Monday for the fourth consecutive session, reaching a five-week low as…

Read more

Italy’s April power demand rises 1% to 24 TWh

(Montel) Power demand in Italy edged 1% higher year on year to 24.06 TWh in April despite a…

Read more

German June power eases amid EUA, gas weakness

(Montel) German front-month power edged lower on Monday, pressured mainly by flagging carbon and gas prices as Russia’s…

Read more

Spain spot power to drop on lower demand, more renewables

(Montel) Spanish spot power prices could drop amid lower demand and more renewables supply, with additional pressure…

Read more

Germany opens 0.7 GW tender for coal closures in 2025

(Montel) Germany’s BNA network regulator has launched its sixth hard coal exit tender for bids to close 699…

Read more

Coal supply influx caps gains

(Montel) European coal prices were unlikely to rise much further this week – after hitting two-month highs last…

Read more

EC taxonomy to face EU parliament objection vote in July

(Montel) The European Parliament will vote in early July on whether to reject the European Commission’s draft EU…

Read more

Nordic power futures reach 2-week high on strong spot

(Montel) Nordic power futures rose in early trading on Monday amid stronger than expected spot prices, lower…

Read more

European LNG imports fall 15%

(Montel) Seaborne LNG deliveries to European destinations, including Turkey, fell 15% last week to nearly 2.4bcm, although another…

Read more

Baltic power supply secure despite Russia halt – TSO

(Montel) Security of power supply in the Baltic region is not under threat following the halt to electricity…

Read more

EC proposes hourly matching in hydrogen additionality rules

(Montel) The European Commission wants renewable power and related hydrogen production correlated every hour from 2027 under draft…

Read more

German spot power set to drop EUR 35 on more nuclear, wind

(Montel) German day-ahead power prices looked set to drop around EUR 35 on Monday as utility RWE planned…

Read more

Russian gas flows to fall 8% on Monday

(Montel) Russian gas exports to northwestern Europe along three main conduits were expected to fall to around…

Read more

Oil prices rise on signs of strong demand

(Montel) Oil prices were rising on Monday – having exhibited gains for the fourth consecutive week last week…

Read more

Macron appoints Agnes Pannier-Runacher as energy minister

(Montel) French president Emmanuel Macron has appointed Agnes Pannier-Runacher as energy minister in his new government, the Elysee…

Read more

Gas prices slide despite Russia's halt to Finnish flows

(Montel) European gas prices were trading down on Friday afternoon following a muted reaction to Russia’s decision to…

Read more

France sells record 5.8 TWh GOs at EUR 1.83/MWh

(Montel) France sold a record 5.8 TWh of guarantees of origin (GO) certificates at an average EUR…

Read more

OX2 expands offshore wind plans in Baltic Sea

(Montel) Swedish wind developer OX2 has expanded its plans with Finnish fund manager Alandsbanken Fondbolag to build a…

Read more

Gas prices edge down as market eyes ruble payments

(Montel) European gas prices edged down on Friday amid stable supply, as the market eyed developments concerning…

Read more

Surprise MSR plans pressure carbon prices lower

(Montel) European carbon prices remained under pressure on Friday after the EU executive this week revealed plans…

Read more

Finland signs floating LNG terminal lease

(Montel) Finnish TSO Gasgrid Finland has signed a 10-year lease for a floating LNG terminal with US Excelerate…

Read more

Germany approves closure of 1 GW coal plants

(Montel) Germany’s BNA network regulator has approved the closure of 1,016 MW of coal-fired capacity by 27 May…

Read more

Russia to cut gas supply to Finland on Saturday

(Montel) Russia will cut gas supplies to Finland starting on Saturday, said Finnish energy company Gasum.…

Read more

German LNG plan key to get through winter – Habeck

(Montel) German upper house of parliament’s approval to speed up permitting processes for LNG import terminals were key…

Read more

Falck plans 975 MW floating offshore wind plant in Sardinia

(Montel) Italy’s Falck Renewables and Spain’s BlueFloat Energy are planning to jointly develop a 975 MW floating offshore…

Read more

France to auction forward GOs – ministry

(Montel) France plans to auction forward contracts for guarantees of origin (GOs), the energy ministry said.…

Read more

1 GW UK-France link to launch on Wednesday

(Montel) The 1 GW ElecLink interconnector between France and the UK will launch its commercial operations next…

Read more

German spot power to fall next week as wind output jumps

(Montel) German spot power prices looked set to slump next week as forecasts pointed to an uptick…

Read more

Crude prices fall on lingering demand unease

(Montel) Crude oil was lower early on Friday on continuing pessimism about demand amid Covid-19 lockdowns in…

Read more

EDF delays Hinkley reactor start, cost may rise EUR 3bn

(Montel) EDF has delayed the start-up of the Hinkley Point C nuclear power plant in the UK by…

Read more

EEX revises 2022 EUA auction volumes from 7 June

(Montel) The EEX exchange has published a revised auction calendar for carbon allowances this year that trims supply…

Read more

Traders expect gas to keep flowing as ruble deadline looms

(Montel) Gas traders expected Russian exports to Europe to keep flowing into June, they told Montel on…

Read more

EC tells six countries to fully comply with power market law

(Montel) The European Commission called on six EU member states to fully comply with EU rules on the…

Read more

Corrosion on French reactors mainly due to design – EDF

(Montel) Corrosion found on safety circuits at several French reactors is mainly due to the way the circuits…

Read more

Governments must enforce rubles gas payment ban – EC

(Montel) National governments are responsible for ensuring that companies respect EU sanctions and do not comply in full…

Read more

CO2 continues fall on planned MSR sale

(Montel) European carbon prices continued to fall on Thursday, hitting their lowest level since 28 April, as a…

Read more

EDF revises dates for 13 reactor outages in 2022-23

(Montel) EDF on Thursday revised the dates of 13 planned outages at nuclear power plants in 2022-23 due…

Read more

German power futures fall on CO2 retreat

(Montel) German curve power contracts fell around EUR 3 on Thursday as bearish sentiment prevailed in the carbon…

Read more

Gas front month falls amid stable flows, LNG deliveries

(Montel) European front-month gas declined on Thursday amid stable flows and the expectancy of strong LNG deliveries…

Read more

GOs prices fall amid likely UK import halt

(Montel) European hydropower guarantees of origin (GOs) prices fell during the week to Thursday as the market factored…

Read more

Nordic power drops with carbon, wet weather, German power

(Montel) Nordic power futures fell on Thursday in the wake of a carbon price plunge the day before,…

Read more

Newcastle coal index breaches March record

(Montel) The Pacific basin’s leading coal index has breached its historical high set following Russia’s invasion of…

Read more

Europe LNG imports to soar 65% in 2022 to 145bcm – Kpler

(Montel) European LNG imports are set to jump 65% year on year in 2022 to 145bcm, with at…

Read more

French power prices jump after EDF lowers output target

(Montel) French Q4 power prices soared as much as EUR 40 early on Thursday after EDF slashed…

Read more

Alight, RES plan up to 300 MW Swedish solar capacity

(Montel) Swedish solar provider Alight will jointly develop a 200-300 MW of solar capacity in Sweden with international…

Read more

EU backs filling gas stocks to 80% in draft accord

(Montel) EU gas storage facilities would have to be at least 80% full before next winter under a…

Read more

Russian coal port throughput hits 6-month high

(Montel) The handling of coal at Russian sea ports reached a six-month high in April, as producers rushed…

Read more

PGNiG’s power output jumps 42%, Q1 profit doubles

(Montel) Polish energy firm PGNiG’s power generation jumped 42% year on year to 1.7 TWh in the first…

Read more

Acer seeks input on Swedish TSO 70% trade exemption request

(Montel) Acer is seeking views on Swedish TSO Svenska Kraftnat’s request for an exemption to EU rules requiring…

Read more

Norway could face 5.3 GW power import need by 2030 – NVE

(Montel) Norway could face an unprecedented imbalance in its electricity grid and need to import up to 5.3…

Read more

German spot power to ease as demand dwindles

(Montel) German day-ahead power prices looked set to soften on Thursday, as lower demand was expected to…

Read more

Oil prices rise as US crude, gasoline stocks tighten

(Montel) Oil prices rose in early Thursday trading after official US data showed gasoline inventories for this time…

Read more

EDF cuts 2022 nuclear output target by 5% to 280-300 TWh

(Montel) French utility EDF has cut its nuclear generation target for this year 5% to 280-300 TWh,…

Read more

Lithuanian cabinet approves ban on Russian gas imports

(Montel) The Lithuanian government has endorsed planned law amendments that will ban Russian natural gas imports to the…

Read more

Danish “energy island” will connect to Belgium in 2033

(Montel) A planned 3 GW energy island in the Danish part of the North Sea could be linked…

Read more

CO2 plunges nearly 10% on MSR plans

(Montel) European carbon prices plunged nearly 10%, or almost EUR 9, in Wednesday trading but later recovered somewhat,…

Read more

Solar, wind sectors welcome EU’s green targets

(Montel) The European solar and wind energy sectors on Wednesday welcomed green targets proposed by the European Commission…

Read more

Finland would face “difficult” winter on gas halt – Gasum

(Montel) Finland would be able to cover gas demand this summer if Russia halted deliveries but it could…

Read more

EU plans exit from Russian energy "as soon as possible"

(Montel) The European Commission is planning independence from Russian energy “as soon as possible”, president Ursula von…

Read more

EC wants green power to displace 21bcm Russian gas

(Montel) Solar and wind power could displace 21bcm of gas as part of the European Commission’s REPowerEU plan…

Read more

Austria will boost gas reserve 60% for supply security

(Montel) Austria plans to expand its strategic gas reserve by 7.4 TWh, or 59%, to 20 TWh as…

Read more

Red tape curbs 19 GW of Spanish hydro development – experts

(Montel) Administrative and regulatory hurdles are hampering the construction of 19 GW of Spanish hydropower capacity currently…

Read more

EC plans to raise EUR 20bn from EUAs for grants

(Montel) The European Commission plans to sell 250m EU carbon allowances from the ETS market stability reserve over…

Read more

“Real risk” of Russian gas stop to Finland – Gasum

(Montel) There is a “real risk” Russia could halt gas deliveries to Finland from Friday or Saturday this…

Read more

EC would help set EU gas price cap if Russia supplies cut

(Montel) Any EU cap on gas prices in response to a loss of Russian supplies would be set…

Read more

One-third of German gas plants will run in emergency – BNA

(Montel) Germany would continue to deliver fuel to 10 GW, or around a third, of gas-fired units to…

Read more

Gas price caps for power possible – EC

(Montel) A temporary reference price for gas used to produce power is a potentially acceptable way for EU…

Read more

Gas gains on flow drop, payment uncertainty

(Montel) Dutch TTF front-month gas prices rose on Wednesday as Norwegian flows declined, while a continued lack of…

Read more

Nordic power prices edge up on stronger fuels, Germany

(Montel) Nordic power futures edged higher on Wednesday on the back of rising fuel prices and amid stronger…

Read more

FocusEconomics raises 2022 coal price outlook 5%

(Montel) Pacific basin benchmark coal prices could average USD 225.50/t this year, up 5.2% – or USD 11.10…

Read more

Analysts revise up Q2 US gas price outlook by 18%

(Montel) FocusEconomics on Wednesday revised up its forecast for average US benchmark Henry Hub gas prices in the…

Read more

Air Liquide, Shell sign 52 GWh/year PPA in north Italy

(Montel) French gas group Air Liquide has signed a power purchase agreement (PPA) with Anglo-Dutch energy major…

Read more

German spot power set to rise as solar, wind output ease

(Montel) German day-ahead power prices looked set to rise more than EUR 2 on Wednesday amid forecasts…

Read more

Oil prices edge up on China demand hopes, tight supply

(Montel) Oil prices edged higher in early trading on Wednesday amid signs of tight supply and hopes that…

Read more

4 EU nations eye 150 GW offshore wind in North Sea by 2050

(Montel) Denmark, Germany, the Netherlands and Belgium want to develop 150 GW offshore wind capacity in the North…

Read more

EU panel wants end to CBAM free allowances by 2030

(Montel) Free EU allowances for sectors covered by a carbon border tax on imports should be phased out…

Read more

Eni to open two accounts at Gazprombank

(Montel) Italy’s Eni has begun the process of opening two bank accounts – one in rubles and one…

Read more

EU panel open to limiting access to carbon market

(Montel) The European Parliament’s environment committee is open to limiting financial companies’ access to the carbon market from…

Read more

Carbon rises to 11-week high on EU ETS vote

(Montel) European carbon prices climbed to an 11-week high on Tuesday, as the European Parliament’s environment committee backed…

Read more

Berlin mulls additional generation capacities to save gas

(Montel) Germany’s economy ministry is considering ways to provide “additional power generation capacities” to the market for…

Read more

German gas demand destruction to continue as usage slumps

(Montel) German gas usage has slumped 14% year on year in 2022 to date, with more demand destruction…

Read more

German power curve rises as CO2 rallies amid reform plan

(Montel) German curve power prices recovered from early losses on Tuesday, lifted by gains on the carbon market…

Read more

Firms must pay for Russian gas in contracted currency – EC

(Montel) European companies must pay for their Russian gas using the currency stated in their contracts and state…

Read more

European parliamentarians back ambitious ETS reforms

(Montel) European parliamentarians on Tuesday voted for more ambitious proposals to strengthen the EU’s carbon market than…

Read more

Engie reaches agreement with Gazprom on gas payment

(Montel) Engie has reached an agreement with Russian gas giant Gazprom to pay for its gas purchases by…

Read more

Gas prices recover from one-month low amid strong supplies

(Montel) European gas prices hit a one-month low in early Tuesday trading before recovering, as robust supplies continued…

Read more

Cleared coal derivatives on Ice slump to 14-year low

(Montel) Coal futures and options volumes cleared on UK exchange Ice fell to their lowest levels in nearly…

Read more

UK energy policy revamp better than windfall tax – expert

(Montel) Restructuring North Sea exploration fiscal policy, rather than a windfall tax, could be a more effective way…

Read more

Russia gas flows to ease 4% on Tuesday

(Montel) Russian gas exports to northwestern Europe along three main conduits were expected to decline by around…

Read more

Engie’s trading arm posts tripling of Q1 profit to EUR 0.6bn

(Montel) French utility Engie’s trading arm posted a more than tripling in year-on-year earnings before interest and tax…

Read more

Oil trades flat as Covid eases in China, Shanghai to reopen

(Montel) Oil was trading flat on Tuesday with Covid-19 cases waning in China and Shanghai set to emerge…

Read more

Macron appoints Elisabeth Borne prime minister

(Montel) French president Emmanuel Macron has appointed his former energy minister Elisabeth Borne as prime minister to implement…

Read more

All new EU buildings may be fitted with solar – report

(Montel) All new buildings in the EU could be fitted with solar panels as part of the bloc’s…

Read more

EU’s dependence on fossil fuels funding war – Greenpeace

(Montel) The EU’s dependence on “fossil gas and nuclear energy actively contributes to war and human rights violations”,…

Read more

Gas sags on EC ruble payment confirmation

(Montel) European gas prices softened on Monday, as the European Commission confirmed gas buyers would not be…

Read more

Polish power output rises 10% in April – TSO

(Montel) Polish power output rose 10% year on year to 14.7 TWh in April amid higher coal, wind…

Read more

French safety experts call for checks on 1.3 GW reactors

(Montel) EDF should extend checks on emergency back-up generators at its 1.3 GW reactors, according to a recommendation…

Read more

Russia import cut may add EUR 10 to Finland power – analysts

(Montel) A longer-term cut in Russian power supplies to Finland could lift local spot prices by more than…

Read more

Pohjan Voima plans 260 MW Finnish wind farm

(Montel) Finnish energy company Pohjan Voima, together with state property manager Metsahallitus, plan to build a new onshore…

Read more

German power curve eases with softening gas

(Montel) German benchmark power prices eased on Monday morning, responding mostly to softening gas prices and a…

Read more

Spain spot power little changed, futures under pressure

(Montel) Spanish power spot prices this week should hover around last week’s levels while futures remained under…

Read more

Swelling stocks pressure coal market

(Montel) European coal prices would likely remain under some pressure this week, as an influx of near-term supply…

Read more

TTF gas falls on healthy pipeline flows, storage boost

(Montel) The benchmark Dutch TTF front-month contract was falling on Monday morning as increased pipeline flows from Russia…

Read more

PGNiG plans to buy 3m tonnes/year of US LNG from 2027

(Montel) Poland’s PGNiG has plans to buy 3m tonnes of LNG per annum for 20 years from US…

Read more

Nordic power front rises on dry weather

(Montel) Nordic power contracts close to delivery rose on Monday amid drier forecasts.…

Read more

Russian gas flows rise over 5%

(Montel) Russian gas exports to northwestern Europe along three main conduits were around 12mcm higher versus the previous…

Read more

German spot power set to jump EUR 11 on lower wind output

(Montel) German day-ahead power prices looked set to rise more than EUR 11, or 5%, on Monday as…

Read more

EC backs principle of gas price caps for power – draft

(Montel) Setting a temporary reference price for gas used to produce power is an acceptable way for EU…

Read more

Big Russian gas cut could prompt EU price cap – EC draft

(Montel) A big cut in Russian gas supplies to the EU could prompt the bloc to set an…

Read more

Oil prices fall but supply fears continue to spark concern

(Montel) Oil prices were falling on Monday after investors took profit amid a jump in the previous session…

Read more

Gas and coal drift down on steady supplies

(Montel) European gas and coal prices drifted lower in Friday afternoon trading, with participants citing ample supplies despite…

Read more

Payment issues halt Russian power exports to Finland

(Montel) Rao Nordic will halt power imports from Russia to Finland from Saturday due to problems receiving payments…

Read more

Spain gas cap to lower French power prices – ministry

(Montel) Iberia’s new cap on gas prices will likely spur exports to France and reduce spot power prices…

Read more

German power curve remains buoyed by gas fears

(Montel) German benchmark power prices remained elevated on Friday morning despite ebbing concerns of gas supply disruptions…

Read more

EUAs flirt with EUR 90 ahead of Envi vote

(Montel) European carbon prices flirted with EUR 90/t in volatile trading on Friday ahead of a key European…

Read more

Spain, Portugal approve gas price cap at EUR 48.80/MWh

(Montel) Spain and Portugal approved on Friday a EUR 48.80/MWh cap on gas prices for power generation for…

Read more

Gas prices fall amid steady Russian flows

(Montel) European gas prices dropped on Friday, correcting from Thursday’s rise driven by fears of a supply reduction…

Read more

Nordic power slides on lower gas prices, wetter outlook

(Montel) Nordic power contracts close to delivery fell on Friday, correcting down from Thursday’s sharp gains driven…

Read more

Russian gas flows unchanged with “no surprises” – BNA

(Montel) Russian gas flows to Germany were last seen at expected levels, said Klaus Mueller, head of the…

Read more

ENBW trading arm’s Q1 earnings soar three-fold to EUR 529m

(Montel) Earnings at ENBW’s thermal generation and trading business more than tripled in the first quarter thanks…

Read more

Valorem, Enersense to build 1 GW Finnish wind by 2025

(Montel) French renewables developers Valorem and a subsidiary of Finnish energy infrastructure firm Enerense have agreed to build…

Read more

German spot power to rise next week on lower wind output

(Montel) German spot power prices looked set to drop next week amid lower wind and solar power…

Read more

Oil rises amid continued concerns over possible Russia ban

(Montel) Oil was rising on Friday amid concerns of a possible EU ban on Russian crude exports hanging…

Read more

No firm timeline for Russia exit – Fortum CEO

(Montel) Finnish utility Fortum said on Thursday its plans to withdraw from the Russian energy market could take…

Read more

Russian sanctions impact 33bcm/year Yamal pipeline – Gazprom

(Montel) The latest set of sanctions on EU firms will impact flows on the 33bcm/year Yamal pipeline –…

Read more

Offshore wind heavyweights vie in 1.4 GW Dutch tender

(Montel) The 1.4 GW Hollandse Kust West offshore wind tender, which closes today in the Netherlands, is pitting…

Read more

Germany may face gas “supply freeze” on sanctions – analysts

(Montel) Germany could face a gas “supply freeze” amid Russian sanctions imposed yesterday preventing state-owned Gazprom sending some…

Read more

Gazprom cuts 3% of deliveries to German firms – Habeck

(Montel) Gas delivery cuts by Russia’s Gazprom to German subsidiaries have amounted to 10 mcm/day, or about 3%…

Read more

French renewable sector needs major overhaul – lobby

(Montel) A new French government will need to carry out a major overhaul of the country’s renewable sector…

Read more

Faurecia signs 100 MW PPAs with Engie and EDP

(Montel) French automotive parts manufacturer Faurecia has signed 15-year solar power purchase agreements (PPAs) with Engie and…

Read more

Asia-Pacific coal prices jump 12% on strong demand

(Montel) Asia-Pacific benchmark coal prices jumped 12% this week on strong demand from Europe and India coupled with…

Read more

Gas prices soar following Russian sanctions

(Montel) European gas prices soared on Thursday following Russian sanctions on companies including Gazprom Germania and its importing…

Read more

Embargoes hit Russian oil by 1m bbl/day in April – IEA

(Montel) Russia shut in nearly 1m bbl/day in April, driving down world oil supply to 98.1m bbl/day, the…

Read more

Oil softens in range-bound trading, eyes on EU embargo plan

(Montel) Oil prices drifted lower in range-bound trading on Thursday as the prospect of flagging global demand outweighed…

Read more

German spot power to ease on more wind, lower demand

(Montel) German day-ahead power prices looked set to drop on Thursday as forecasts indicated wind power generation…

Read more

Analysts hopeful of ruble gas payment solution

(Montel) Europe’s objection to Russia’s demand for gas deliveries to be paid in rubles is unlikely to…

Read more

Verbund hedges 36% of 2023 output at EUR 94.10/MWh

(Montel) Austrian utility Verbund had hedged 36% of its planned 2023 hydropower generation at EUR 94.10/MWh by…

Read more

RWE trading earnings jump 57% in Q1

(Montel) RWE’s trading division earnings jumped 57% in the first quarter while write-downs on Russian coal contracts…

Read more

No excuse for Gazprom to reduce transit flows – Naftogaz

(Montel) There is “no excuse” for Gazprom to reduce gas transit flows via Ukraine, despite a halt to…

Read more

France extends freeze on gas tariff to end year

(Montel) France will extend a freeze on household gas tariffs until the end of the year, a…

Read more

EU fertiliser sector will need 200 TWh/year of green power

(Montel) The EU fertiliser industry would need around 200 TWh per year of renewable power to decarbonise…

Read more

Gas falls as abundant supply calms fears

(Montel) European gas prices continued to lose ground in late Wednesday trading as a cut to flows via…

Read more

Gas storage proposal moves step closer with EU Council nod

(Montel) EU member states have agreed on a joint mandate for negotiations with the European Parliament on proposals…

Read more

French winter prices surge above EUR 500 on nuclear fears

(Montel) French winter power prices surged to over EUR 500/MWh on Wednesday amid growing fears of a…

Read more

OTC gas trading volumes slump 48% in April – Leba

(Montel) Traded gas volumes in European brokered markets slumped 48% year on year in April, led by a…

Read more

MEPs look set to back 67% emissions cut

(Montel) A cross-section of European lawmakers looked set on Wednesday to support tightening the carbon market by…

Read more

German front-month power eases with weaker gas

(Montel) German front-month power retreated on Wednesday after jumping almost EUR 7 in the wake of a force…

Read more

Gas prices see-saw as Ukraine transit fears subside

(Montel) Gas prices see-sawed on Wednesday, surging earlier as Ukraine halted some Russian transit flows to Europe but…

Read more

Norway to award licences for 1.5 GW offshore wind next year

(Montel) Norway’s government plans to award licences for 1.5 GW of offshore wind development next year as the…

Read more

Netherlands leading importer of last Russian coal to EU

(Montel) Around 45% of all coal shipped from Russian ports this month to EU destinations was destined for…

Read more

Ukraine transit force majeure due to “stolen gas” – sources

(Montel) Ukraine’s decision to halt Russian gas transit flows via the Sokhranivka transit pipeline was due to pro-Russian…

Read more

Nordic Q3 power drops to 1-month low on rising snowmelt

(Montel) The Nordic Q3 power contract dropped to a one-month low of EUR 72.25/MWh on Wednesday amid slightly…

Read more

UK should not cease EU GOs recognition before 2024 – Efet

(Montel) The UK should not cease its recognition of EU guarantees of origin (GOs) before 1 April 2024…

Read more

US trims LNG export growth forecast amid high prices

(Montel) US LNG exports should rise almost 23% in 2022, 2 percentage points less than forecast last month…

Read more

Poland’s installed solar capacity reaches 9.4 GW in March

(Montel) Poland added 0.6 GW solar power capacity in March, bringing the country's total to 9.4 GW, said…

Read more

Acer to set out new bidding zone options by 20 July

(Montel) EU energy regulatory agency Acer plans to decide by 20 July on which alternative bidding zone options…

Read more

Brent crude prices rebound from 2-week low

(Montel) Oil prices edged higher early on Wednesday as concerns about tightening supply helped the Brent crude benchmark…

Read more

German spot power to trade flat as exports offset high wind

(Montel) German day-ahead power prices looked set to trade flat on Wednesday, despite higher electricity exports, since these…

Read more

EU green power capacity jumps 30% to record in 2021 – IEA

(Montel) The EU added 36 GW of new renewable power capacity in 2021, a 30% increase from the…

Read more

Profits at Statkraft trading unit surge to EUR 457m

(Montel) The trading arm of Statkraft, Norway’s largest power producer, posted an operating profit of NOK 4.7bn (EUR…

Read more

German cabinet approves draft law to spur LNG use

(Montel) The German cabinet late on Tuesday approved a preliminary version for a draft law to accelerate…

Read more

Eon hedges 84% of its 2022 nuclear generation at EUR 68/MWh

(Montel) German utility Eon's subsidiary Preussen Elektra had hedged 84% of its 2022 nuclear power generation by the…

Read more

Ukraine gas transit pipeline to cut flows amid force majeure

(Montel) Ukraine’s gas TSO (GTSOU) has declared force majeure on Russian gas flows to Europe via a key…

Read more

Gas, coal edge lower on ruble payment optimism

(Montel) European gas and coal contracts continued to edge lower on Tuesday amid soft fundamentals and mounting…

Read more

EU ETS access limits threaten climate goals – trading groups

(Montel) EU ETS access restrictions would significantly weaken the carbon market and jeopardise the EU’s ability to…

Read more

Rotterdam eyes 4.6mt hydrogen hub by 2030

(Montel) The port of Rotterdam and companies in the surrounding industrial area expect to supply as much as…

Read more

German power front month falls to pre-invasion levels

(Montel) German front-month power prices tumbled in line with gas on Tuesday to their lowest levels since 23…

Read more

Iberia gas cap fails to tackle high fuel costs – Endesa CEO

(Montel) The Iberian cap on gas prices for power generation fails to tackle spiralling fuel costs, but…

Read more

NorNed cable likely offline for at least 1 month

(Montel) The 700 MW NorNed subsea electricity cable linking the Dutch and Norwegian power markets will likely remain…

Read more

Gas prices hit fresh lows on solid supply, mild weather

(Montel) European gas prices extended their losses on Tuesday, as healthy supply and mild temperatures combined with easing…

Read more

Poland's PGE signs 90 GWh solar PPA with steel producer

(Montel) Poland's PGE has signed a power purchase agreement with steel producer CMC Poland for the expected 90…

Read more

Southern Europe hits record-breaking green output in April

(Montel) Spain, Greece, Italy, and Portugal recorded unprecedented levels of renewable generation in April, energy think tank Ember…

Read more

Nordic futures slide EUR 4 on weaker fuels, wet outlook

(Montel) Nordic power futures slid EUR 4 on Tuesday, extending prior losses, amid weaker fuel prices and continued…

Read more

EDF warns of nuclear output curbs on 30C hot spell

(Montel) EDF on Tuesday warned of output curbs at its French nuclear reactors due to “high” river temperatures…

Read more

Russian coal exports to Europe jump 40% since war

(Montel) Russia’s coal exports to northwest European destinations have surged more than 40% since the start of the…

Read more

German spot power set to drop more than EUR 20

(Montel) German day-ahead power prices looked set to fall by around EUR 21 – or 12% – as…

Read more

Cez hedges 61% of 2023 power output at EUR 70.90/MWh

(Montel) Czech utility Cez had hedged 29.3 TWh, or 61%, of next year’s power production at an average…

Read more

Dutch TSO signs second lease for floating LNG terminal

(Montel) TSO Gasunie has leased an 8bcm/year floating LNG import terminal for five years from US energy…

Read more

Oil prices fall as EU’s Russian embargo to be watered down

(Montel) Oil prices continued their fall on Tuesday, for the second successive session, amid the EU’s possible watering…

Read more

Norway to supply record 122bcm gas this year – ministry

(Montel) Norway expects to sell a record high 122bcm of gas this year, which is up 8% from…

Read more

EC approves Iberian EUR 50/MWh gas price cap plan

(Montel) The EU executive has approved a plan by Spain and Portugal to set a temporary price cap…

Read more

Icis sees limited gas saving potential before 2030

(Montel) Europe is only likely to save 50bcm of gas per year by the end of this…

Read more

Italy adds 123 MW battery storage capacity in Q1 – lobby

(Montel) Italy’s battery storage capacity increased by 30%, or 123 MW, to 527 MW by the end of…

Read more

CO2 drops 4% on low auction price

(Montel) EU carbon prices shed almost 4% on Monday, pushed down by a relatively low auction price and…

Read more

Financial power rights to replace physical in July – JAO

(Montel) The Joint Allocation Office (JAO) platform plans to start replacing physical power transmission rights on 10 borders…

Read more

Ovik Energi halts hedging after EUR 6m loss

(Montel) Swedish utility Ovik Energi has stopped hedging future power production after posting SEK 60m (EUR 5.7m) in…

Read more

TotalEnergies starts up 25 MW battery in eastern France

(Montel) TotalEnergies has commissioned a 25 MW battery storage installation in eastern France, it said on Monday.…

Read more

Spain power spot to jump on tighter system

(Montel) Spanish spot power prices could rebound around EUR 5 this week in the face of a…

Read more

NBP plumbs 5-month low

(Montel) UK gas prices slumped to their lowest level in five months amid elevated LNG and pipeline…

Read more

Ample supply pressures coal market

(Montel) European coal prices softened in early Monday trading, with a relative abundance of near-term supply weighing on…

Read more

Spanish GOs issued in 2021 rise 12% to 122 TWh

(Montel) Spanish guarantees of origin (GO) issued in 2021 grew to 122m (122 TWh) from 109m a year…

Read more

Court rules Leag can use mine to run lignite units

(Montel) German utility Leag’s Jaenschwalde lignite mine can continue to operate after a Berlin-based court overthrew a planned…

Read more

Verbund buys 4.6 GW renewables portfolio in Spain

(Montel) Austrian utility Verbund has acquired nearly 4.6 GW of wind and solar projects in Spain from German…

Read more

Nordic power futures slip amid wetter weather, weaker gas

(Montel) Nordic power futures fell on Monday morning in response to wetter forecasts and flagging German power and…

Read more

Croatia plans further LNG, gas pipeline capacity extension

(Montel) Croatia is preparing to double the capacity of its LNG terminal to 6 bcm/y and increase gas…

Read more

China’s coal imports grow 8.4% in April

(Montel) Chinese coal imports grew 8.4% year on year in April – and nearly 50% from the previous…

Read more

German spot power to drop 15% on higher wind output

(Montel) German day-ahead power prices look set to drop around EUR 32 on Monday as forecasts indicated soaring…

Read more

Oil softens as EU yet to agree proposed Russian embargo

(Montel) Oil prices were falling on Monday as EU nations had yet to agree on proposals to phase…

Read more

Coal firms on tight supply

(Montel) European prompt coal prices inched up on Friday amid lingering supply tightness and despite signs of…

Read more

French highest court rejects union demand to suspend Arenh

(Montel) France’s Council of State has rejected a demand by energy unions to suspend sales of nuclear power…

Read more

Carbon prices flirt with 10-week high

(Montel) European carbon prices this week returned to their highest levels since Russia’s February invasion of Ukraine,…

Read more

Gas prices retreat amid stable flows from Russia

(Montel) European gas prices retreated on Friday amid steady flows from Russia, although market participants said they…

Read more

EU LNG discount to TTF gas widens to record

(Montel) The price of LNG arriving in Europe has widened to a record discount to that sold on…

Read more

Germany should start conserving gas now – industry lobby

(Montel) Germany should start conserving gas now to replenish storage levels well ahead of winter and avoid rationing…

Read more

Nordic power slides EUR 5 on softer gas, wet outlook

(Montel) Nordic front power contracts slid up to EUR 5 on Friday amid lower gas and German…

Read more

Poland’s biggest solar farm plans 1 July start-up

(Montel) Poland’s biggest solar farm, the 203 MW Zwartowo unit in the country's north, will come online on…

Read more

Rising wind, solar power to weaken German spot next week

(Montel) German spot power prices could shed more than 10% next week amid the prospect of rising…

Read more

Oil prices firm on supply tightness, US buyback plan

(Montel) Oil prices traded a shade higher early on Friday, buoyed by ongoing signs of tight supply and…

Read more

UK windfall tax could deter energy investment – analysts

(Montel) A windfall tax on oil and gas companies listed in the UK could deter investment in the…

Read more

Carbon jumps to 10-week high on strong auction

(Montel) European carbon prices surged to a 10-week high on Thursday, boosted by a strong auction, short-covering, and…

Read more

Asia-Pacific coal prices remain elevated

(Montel) The Pacific basin’s leading coal index has eased 3% on the week but it remained elevated…

Read more

German Cal 23 power climbs to record high with CO2

(Montel) The German power Cal 23 reached a record high on Thursday, as a higher CO2 price…

Read more

Opec+ agrees 0.432m bbl/day supply boost for June

(Montel) Opec and its Russia-led partners agreed on Thursday to boost oil supply in June by 0.432m bbl/day,…

Read more

Accelerating EUA auction fund will boost renewables – Icis

(Montel) Proposals to accelerate the sale of EUAs that make up a so-called EU innovation fund would speed…

Read more

GO prices gain on low liquidity, poor hydro

(Montel) European hydro guarantee of origin (GO) prices rose in the week to Thursday amid low liquidity and…

Read more

Germany seals deals for four floating LNG terminals

(Montel) Germany has sealed deals for four floating LNG terminals, with the first expected to commence operations…

Read more

Gazprom plans to use part of NS2 to supply northwest Russia

(Montel) Russia state-owned energy firm Gazprom is planning to use part of the defunct Nord Stream 2…

Read more

Axpo signs 165 MW Polish wind PPA

(Montel) Swiss utility Axpo has signed a two-year power purchase agreement (PPA) with renewable energy firms Mirova and…

Read more

Renewables cover half of German power demand in Q1

(Montel) Renewable energy covered half of Germany’s power demand in this year’s first quarter, up 9 percentage points…

Read more

Eesti Energia's power output jumps 31% as profit doubles

(Montel) Estonia’s state-owned power producer Eesti Energia posted a 31% year-on-year rise in power production for the first…

Read more

Shell’s LNG sales jump 12% in Q1, profits triple to USD 9bn

(Montel) Shell’s LNG sales in the first quarter jumped 12% on the year, with soaring global demand and…

Read more

German gas hub launches tender to refill stocks

(Montel) German gas market operator Trading Hub Europe (THE) will launch a tender next week aimed at refilling…

Read more

Russia may halt gas flows to France end of May – Engie CEO

(Montel) A stoppage of Russian gas flows to France is “plausible” when the next payments are due at…

Read more

Brent hovers above USD 111/bbl on EU plan to ban Russian oil

(Montel) Oil prices extended two-week highs early on Thursday after the European Commission in the previous session announced…

Read more

Italy, Spain windfall tax has “neglible impact” – Enel

(Montel) A windfall profit tax introduced last year in Spain and more recently in Italy had a “negligible…

Read more

Estonian, Finnish TSOs sign deal for floating LNG terminal

(Montel) TSOs Elering and Gasgrid Finland on Wednesday signed a cooperation agreement for the joint lease and management…

Read more

EDF fined EUR 0.5m for breach of insider-trading rules

(Montel) France’s CRE energy regulator has fined utility EDF and its trading arm EUR 550,000 for breaching insider-trading…

Read more

Supply fears support gas, carbon slides

(Montel) European gas prices were rising in Wednesday afternoon trading amid persistent concerns of disruption to Russian supply…

Read more

Norway may export record gas this year – Gassco CEO

(Montel) Norway may export record volumes of gas this year as it steps up efforts to help plug…

Read more

EU gas system adjusts to curb dependence on Russian flows

(Montel) Europe’s gas supply system is gradually adjusting to a market of decreasing reliance on Russia amid east-bound…

Read more

Germany’s days of cheap gas are over – official

(Montel) Germany will never see a return to cheap natural gas even after Russia’s war in Ukraine…

Read more

German power Cal 23 hits record with gas price jump

(Montel) Contracts along the German power curve rose on Wednesday amid a surge in gas prices after the…

Read more

Fingrid plans new cross-border links to Sweden and Estonia

(Montel) Finnish TSO Fingrid is planning to build new cross-border connections to Sweden and Estonia in the early…

Read more

TTF gas front month gains EUR 7 amid oil sanction plan

(Montel) European gas front-month contracts extended gains on Wednesday following the EU’s proposed crude oil ban, while declining…

Read more

Nordic Q3 power marks fresh record high on gas "fear factor"

(Montel) Nordic power futures jumped near EUR 4 on Wednesday, with Q3 hitting a fresh record high amid…

Read more

Vattenfall considers sale of Berlin heating business

(Montel) Vattenfall is considering a divestment of its heating business in Berlin as one option for the…

Read more

Gas is overpriced given supply fundamentals – analysts

(Montel) European gas prices are higher than justified under current fundamentals – amid ample gas flows to the…

Read more

Adriatic LNG mulls raising capacity by 22% to 11bcm in 2025

(Montel) Italy’s Adriatic LNG terminal is assessing a potential 22% increase in annual regasification capacity to 11bcm in…

Read more

German spot power eases slightly with more wind

(Montel) German day-ahead power prices looked set to ease slightly on Wednesday as a rise in wind…

Read more

EC aims to ban Russian crude imports within 6 months

(Montel) The European Commission will propose to end Russian crude oil imports to the EU within six months…

Read more

EDF Trading posts 39% rise in revenue on soaring prices

(Montel) EDF’s trading arm saw its first-quarter revenue soar 39% year on year to EUR 563m amid…

Read more

New LNG terminals unnecessary for Russian gas exit – study

(Montel) Europe can dispense with Russian gas imports by 2025 without new or revived plans for LNG…

Read more

Oil prices rise as EU weighs phased embargo on Russian oil

(Montel) Oil prices rose early on Wednesday as the EU looked set to impose a phased embargo on…

Read more

Equinor gas sales rise 6% in Q1 amid record profits

(Montel) Norwegian oil and gas major Equinor sold 16.5bcm gas in the first quarter, up 0.9bcm year on…

Read more

Carbon, coal lead energy gains

(Montel) European carbon prices looked set to end the session 6% higher on Tuesday following a strong…

Read more

Nordic futures jump 5% as spot hits year high

(Montel) Nordic power futures soared on Tuesday afternoon following the highest system price since 22 December, exacerbated…

Read more

Iberian gas cap will not stop green investment – Galp

(Montel) Power prices in Iberia will remain "very attractive" for green projects from Portuguese firm Galp, despite…

Read more

Supply chains can meet clean energy goals – Rystad

(Montel) Global supply chains – roiled by a pandemic and war – were still poised to deliver…

Read more

Italy needs 6 months of Russian gas to refill stocks

(Montel) Italy would need an additional six months of Russian gas imports to refill its stock up to…

Read more

Investment key to creating hydrogen market – Vattenfall

(Montel) The creation of liquidity in the European hydrogen market relies on attracting investment to a sector still…

Read more

German power curve recovers on gas, carbon boost

(Montel) The German power curve bounced back on Tuesday from losses, supported by renewed strength in the gas…

Read more

Iberian intervention “jeopardises power market” – Efet

(Montel) The plan to set a cap on Iberian gas prices for power generation “jeopardises the future” of…

Read more

European LNG imports fall 4.8% in April

(Montel) Seaborne LNG deliveries to European destinations, including Turkey, fell 4.8% month on month in April to near…

Read more

EU must expand gas interconnectors with LNG growth – traders

(Montel) Increased gas interconnector capacity, in tandem with LNG import facilities, is required for landlocked European countries to…

Read more

EU can virtually end Russian gas imports by 2027 – analyst

(Montel) Europe will only see a meaningful decline in Russian gas imports from mid-decade due to limited alternatives…

Read more

Gas prices flat as robust flows offset Russia concerns

(Montel) European gas prices were range-bound on Tuesday, as a potential impact on supplies from fresh pressure on…

Read more

BP posts USD 20bn Q1 loss on Russian exit

(Montel) UK energy giant BP was hit by a USD 20bn loss in the first quarter due to…

Read more

Uniper’s trading unit hit by EUR 618m loss amid war fallout

(Montel) Uniper’s trading unit Global Commodities suffered a EUR 618m loss in earnings in the first quarter, the…

Read more

Italy plans green growth, energy rationing to nix Russia gas

(Montel) Italy is planning to accelerate the deployment of renewable energy, while also limiting heating and cooling in…

Read more

Fortum books EUR 2bn impairments on Russia operations in Q1

(Montel) Finnish energy group Fortum has booked pre-tax impairments of around EUR 2.1bn related to its Russian operations…

Read more

Italy raises windfall tax to 25% to fund energy package

(Montel) The Italian government has raised a windfall tax on some energy companies to 25% from the previously…

Read more

Oil trades flat but EU Russian crude ban looms

(Montel) Oil was trading flat on Tuesday but a potential EU ban of Russian crude imports was set…

Read more

Germany looks to neighbours to tackle winter supply crunch

(Montel) Germany TSOs are seeking 1.4 GW of extra power capacity from neighbouring countries in a bid to…

Read more

Poland appeals for EU unity on rejecting ruble gas payments

(Montel) Poland will appeal to other countries not to accede to Russian demands to convert their euro or…

Read more

Rosatom slams Finnish decision to stop reactor plans

(Montel) Russian nuclear power supplier Rosatom has criticised Finnish consortium Fennovoima’s termination of a reactor supply contract and…

Read more

German power curve prices drop amid weaker gas

(Montel) German power fell on Monday along with weaker gas prices and more renewables output, but risks remain…

Read more

France’s Engie to import 1.75 Mt/year of LNG from Texas

(Montel) France’s Engie plans to buy 1.75 million tons per year (Mtpa) of LNG during 15 years…

Read more

Fennovoima reactor plan still alive – CEO

(Montel) Finland’s Fennovoima has yet to definitively axe its plan to build a nuclear plant, though it has…

Read more

Spanish power to drop as market awaits gas cap

(Montel) Spanish spot power prices looked poised to fall this week amid higher wind and nuclear supply,…

Read more

Nordic June and Q3 power fall on warmer weather outlook

(Montel) The Nordic June and Q3 power contracts fell largely on the back of warmer weather forecasts on…

Read more

Gas begins to flow on 2.4bcm Poland-Lithuania link

(Montel) Gas has begun to flow on the 2.4bcm GIPL pipeline connecting Poland to Lithuania, Poland's climate minister…

Read more

Gazprom gas exports to Europe fall 27% in Jan-April

(Montel) Gazprom's gas exports to Europe dived 27% in the first four months of the year, the Russian…

Read more

Regulators urge caution on binding gas stock level rules

(Montel) Energy regulators want policymakers to ensure any binding gas storage level rules to mitigate potential supply threats…

Read more

EDF issues 24-hour strike warning from 21:00 CET

(Montel) EDF issued a “strike notice” on Monday warning of 24 hours of industrial action.…

Read more

GERMAN – Spot to edge down on higher wind output

(Montel) German day-ahead power prices look set to ease around EUR 3 on Monday as forecasts indicated rising…

Read more

Fennovoima severs 1.2 GW reactor contract with Rosatom

(Montel) Finnish nuclear developer Fennovoima has terminated its contract for the supply of a 1.2 GW reactor with…

Read more

Oil prices slip on China slowdown concerns

(Montel) Crude oil prices traded lower on Monday, as concerns of slowing economic growth in China outweighed fears…

Read more

Cutting Russian gas to 10% requires "major effort" – Habeck

(Montel) Germany has already started to cut back on Russian gas imports but a further reduction to 10%…

Read more

Eni has not opened a ruble bank account – CFO

(Montel) Italian energy company Eni has not opened a ruble bank account and continues to assess the situation…

Read more

Vattenfall to adjust hedging strategy following losses

(Montel) Vattenfall will adopt a new price hedging strategy with more exposure to spot prices because it reckons…

Read more

German front-month power eases with warmer outlook

(Montel) German front-month power prices retreated on Friday with expectations of warmer weather but ongoing concerns about Russian…

Read more

Carbon to remain volatile, sensitive to gas markets

(Montel) European carbon prices were rising on Friday and recovering some of the losses seen earlier in the…

Read more

Gas curve inches down amid steady Russian flows

(Montel) TTF gas curve prices inched down on Friday, as the market awaited new signals amid stable…

Read more

OMV seeks “solutions” to continue buying Russian gas

(Montel) Austrian energy firm OMV is “developing solutions” in order to meet EU sanctions so it can continue…

Read more

Nordic power market drifts sideways on mixed signals

(Montel) Nordic May and Q3 power rose on Friday, after trading down earlier in the session in line…

Read more

Orsted rejects call to pay for Russian gas in rubles

(Montel) Danish energy group Orsted reiterated on Friday it has no plans to pay for Russian gas in…

Read more

Acer defends power market design, targets gas price

(Montel) The EU’s power market works well and governments should focus on tackling the current “exceptional” high gas…

Read more

Eni’s Q1 gas output drops 2% but gas sales, earnings jump

(Montel) Italian energy firm Eni’s global gas production fell 2% year on year to 4,638m cubic feet/day (48bcm/year)…

Read more

German spot power to drop EUR 16 as green output rises

(Montel) German spot power prices looked set to drop around EUR 16 next week amid expectations of…

Read more

Greenvolt signs 15-year PPA with T-Mobile in Poland

(Montel) Portuguese renewable energy firm Greenvolt has signed a 15-year green power purchase agreement (PPA) with telecoms…

Read more

Bulgaria uses EU resources to react to Russian gas cuts

(Montel) Bulgaria will use the European Commission’s help to react to Russia’s gas supply cuts, starting with a…

Read more

Germany to scrap EEG green power levy from July

(Montel) Germany will scrap its green power levy from July in a bid to reduce electricity costs for…

Read more

Orsted posts EUR 215m hedging loss due to project delay

(Montel) Danish energy group Orsted posted a DKK 1.6bn (EUR 215m) loss from hedging in the first quarter…

Read more

Vattenfall’s Q1 trading results plunge 98%

(Montel) Vattenfall on Friday reported a 98% year-on-year drop in first-quarter operating profit from trading operations to SEK…

Read more

Crude prices rise on potential EU embargo of Russia oil

(Montel) Crude oil was higher early on Friday, as market participants considered the possibility of EU sanctions…

Read more

Carbon gains on strong technical support

(Montel) European carbon prices gained slightly on Thursday on strong technical support and compliance-buying.…

Read more

Two-step Russian gas payments breach EU sanctions – EC

(Montel) Paying for Russian gas supplies in a two-step process involving converting euros or dollars to rubles to…

Read more

Repsol’s green plans on track despite higher costs – CEO

(Montel) Increasing material costs for renewables projects will not derail Repsol’s green developments, as higher prices from power…

Read more

TotalEnergies earnings triple to EUR 9bn on record LNG sales

(Montel) French energy company TotalEnergies saw its Q1 adjusted net income triple year on year to EUR 9bn…

Read more

Gas prices could rise 50% on full Russia stop – Rystad

(Montel) European gas prices could rise by more than 50% from current levels just above EUR 100/MWh if…

Read more

Gas prices decline amid less fear of Russia supply cuts

(Montel) European gas contracts declined on Thursday, as the market “sobered up” in the wake of Russia’s…

Read more

Swiss MET buys 263 MW solar portfolio in Italy and Spain

(Montel) Swiss energy firm MET Group has expanded its European renewable energy portfolio by buying 213 MW…

Read more

Asia-Pacific coal prices rise as China to drop import tax

(Montel) Asia-Pacific benchmark coal prices remained well supported this week amid persisting demand from European buyers seeking non-Russian…

Read more

EU LNG discount to TTF gas at widest in 2 years

(Montel) LNG prices to the EU are at the widest discount in at least two years – near…

Read more

Wintershall Dea maintains Russian ventures despite losses

(Montel) German oil and gas company Wintershall Dea will maintain its joint ventures in Russia to ensure European…

Read more

Glencore raises coal output 16% in Q1

(Montel) Anglo-Swiss trading and mining firm Glencore raised coal production by 4m tonnes – or 16% – in…

Read more

Russian gas sales to EU jump 20% since war – report

(Montel) Russia’s revenue from gas, coal and oil exports has soared to EUR 63bn since its invasion of…

Read more

TotalEnergies books USD 4.1bn charge on Arctic LNG 2

(Montel) TotalEnergies booked a USD 4.1bn impairment charge in the first quarter on its Arctic LNG 2…

Read more

Algeria warns Spain against diverting gas to Morocco

(Montel) A redirection of Algerian gas volumes contracted by Spain to third parties could mean a breach of…

Read more

Italian battery market needs regulatory overhaul – experts

(Montel) An overhaul in the regulatory framework for battery storage will be key to unleashing the full potential…

Read more

Swedish regulator refers 70% capacity exemption to Acer

(Montel) The Swedish energy regulator believes TSO Svenska Kraftnat should be given an exemption to EU rules on…

Read more

Austria aims to end Russian gas imports by 2027

(Montel) Austria aims to end Russian gas deliveries by 2027, energy minister Leonore Gewessler said on Wednesday.…

Read more

Spanish power forwards drop to EUR 150 on gas cap

(Montel) Spanish power futures dropped as much as EUR 50 on Wednesday to around EUR 150/MWh, which traders…

Read more

Russian gas stop would cause German “recession” – Habeck

(Montel) A halt to Russian gas imports to Germany would drive the country’s “economy into a recession”, German…

Read more

Poland, Bulgaria receiving gas from EU neighbours

(Montel) Poland and Bulgaria are receiving gas supplies from its EU neighbours, the European Commission said on Wednesday. …

Read more

German companies will pay Russian gas in euros – ministry

(Montel) German gas importers will continue to pay their Russian deliveries in euros, not rubles, said a government…

Read more

EU gas storage injections poised to spike – experts

(Montel) European gas storage injections could jump on Thursday, even as spot prices soar, as shippers race to…

Read more

German power jumps EUR 40 as Russia turns off taps

(Montel) German front-month power jumped up to EUR 43 on Wednesday in the wake of Russia’s halt of…

Read more

Iberian gas price cap “not justified” – Iberdrola CEO

(Montel) The EUR 50/MWh cap on power-generation gas agreed by Spain, Portugal and Brussels “is not justified”,…

Read more

Italy “playing trader” in state-backed PPA move – expert

(Montel) A measure put in place by the Italian government to offer electricity prices to consumers through long-term…

Read more

German ministry “concerned” over Russia gas supply cut

(Montel) Germany’s economy ministry was “concerned” about Russia’s move to cut gas deliveries to Poland and Bulgaria…

Read more

Russia’s gas stoppages aimed at “soft targets” – analysts

(Montel) Russia’s decision to halt gas exports to Poland and Bulgaria has spooked market participants although both destinations…

Read more

Nordic power futures jump 5% on Russian gas cuts

(Montel) Nordic power futures rose 5% on Wednesday after cuts in Russian gas supplies to some European countries…

Read more

EU plans coordinated response to Russian gas cuts – EC

(Montel) The EU is working on a coordinated response to a decision by Russia’s Gazprom to cut gas…

Read more

Uniper hopes to resolve ruble issue with Gazprom

(Montel) German utility Uniper still hopes to resolve ruble payment issues with Russian gas giant Gazprom despite Russia’s…

Read more

Gas prices spike as Russia cuts off Poland, Bulgaria

(Montel) European gas prices spiked more than EUR 20 in early Wednesday trading as Russia’s decision to halt…

Read more

Dutch floating LNG facility gets EUR 160m guarantee

(Montel) The Dutch government has agreed to support Gasunie’s charter of a floating LNG terminal with a EUR…

Read more

German spot power to jump 10% on gas price surge

(Montel) German day-ahead power prices looked set to gain more than 10% on Wednesday, as spot gas…

Read more

Oil prices rise as Russian geopolitical tensions escalate

(Montel) Oil prices rose early on Wednesday amid rising geopolitical tensions related to Russia’s war on Ukraine and…

Read more

Russia stops gas flows to Poland, Bulgaria – Gazprom

(Montel) Russia halted gas exports to Poland and Bulgaria early on Wednesday, and reduced transit volumes to…

Read more

Uniper books EUR 3bn net loss on Nord Stream 2, Russian unit

(Montel) German utility Uniper’s was hit by a EUR 3bn net loss in the first quarter, with its…

Read more

Russia to stop gas flows to Bulgaria – ministry

(Montel) Russian will halt gas exports to Bulgaria, due to its failure to pay for supplies in rubles,…

Read more

Russia to halt gas exports to Poland – PGNiG

(Montel) Russia will halt gas exports to Poland from Wednesday due to its decision not to pay in…

Read more

Italian grid to struggle with fast green growth – experts

(Montel) The Italian power grid may not be ready to accommodate an acceleration of new green capacity as…

Read more

Coal prices drop 7% as stocks grow

(Montel) European coal prices dropped by nearly 7% in Tuesday trading, as growing stocks and increasingly aggressive offers…

Read more

Iberia and EC agree EUR 50 cap on gas for power output

(Montel) Spain and Portugal agreed with the European Commission to set a temporary Iberian price cap of…

Read more

German curve contracts slide EUR 5 on weaker fuels

(Montel) German power contracts slid nearly EUR 5 on Tuesday amid weaker energy prices, with the latter…

Read more

New UK substation to deliver 2 GW renewable energy

(Montel) National Grid’s newly connected 400 kV substation, located in southeast England, is set to deliver 2 GW…

Read more

Key ETS lawmaker sees support for higher carbon cuts

(Montel) A majority in the European Parliament’s environment committee supports higher carbon cuts for industry and power covered…

Read more

1 GW Spain-Portugal interconnector gets environmental nod

(Montel) Spain has granted an environmental permit to a new EUR 55m, 1 GW power link with…

Read more

May gas stabilises despite stocks, Russia flows rise

(Montel) The TTF gas front month was slightly higher on Tuesday after edging down earlier amid storage sites…

Read more

Finland’s TVO investigates OL3 coolant pump incident

(Montel) Finnish nuclear operator TVO is investigating why coolant pumps at the 1.6 GW Olkiluoto 3 reactor started…

Read more

Denmark slams intraday plan to implement 70% rule

(Montel) The Danish utilities regulator on Tuesday criticised a proposal by EU regulatory agency Acer that would allow…

Read more

Spain has 20bcm of regasification available for the EU – TSO

(Montel) Spain has around 20bcm/year of natural gas in surplus at its six regasification plants that could replace…

Read more

Coal plant capacity under development drops 13% in 2021

(Montel) Global coal plant capacity under development declined 13% in 2021, but significant capacity – equivalent to the…

Read more

Engie hedges 86% of 2022 power at EUR 67/MWh

(Montel) Engie hedged 86% of its expected nuclear and hydropower output this year in France and Belgium…

Read more

Engie confirms near EUR 1bn loss from Nord Stream 2

(Montel) French utility Engie has booked a EUR 987m loss over its stake in the blocked Nord…

Read more

German spot power to ease EUR 5 on higher solar output

(Montel) German day-ahead power prices looked set to shed around EUR 5 as forecasts showed an increase in…

Read more

Oil stabilises as China pledges support for economy

(Montel) Oil prices were stabilising on Tuesday, after a 4% fall yesterday, with China – the world’s second…

Read more

EU ETS verified emissions climb 7.3% in 2021 – EC

(Montel) Verified emissions from stationary installations – power plants and manufacturing installations – obliged to participate in the…

Read more

IUK extends outage by a day, limits UK gas exports to EU

(Montel) An unplanned outage on the IUK interconnector between the UK and Belgium, which is hampering gas flows…

Read more

Rotterdam coal imports rise 3.5% in Q1

(Montel) Europe’s largest port, Rotterdam, handled 3.9m tonnes of coal imports in the first quarter amid stronger generation…

Read more

Carbon drops 7% amid lockdown fears

(Montel) European carbon prices fell around 7% on Monday, mainly in response to weaker stock markets hit by…

Read more

New coal supply routes to take months to settle – Euracoal

(Montel) The establishment of new coal trade supply routes to Europe will still take “some months” to…

Read more

German May power edges up on gas gains, low wind

(Montel) German front-month power edged higher on Monday, boosted by a stronger gas market and low wind supply…

Read more

Spain spot power to jump EUR 100 as wind wanes

(Montel) Spanish electricity spot prices could jump up to EUR 100 on average this week as wind…

Read more

TTF front-month gas rises on outages, cool outlook

(Montel) The benchmark TTF front-month gas contract on the Dutch TTF hub was rising on Monday amid a…

Read more

LNG Weekly – European LNG imports fall 16%

(Montel) Seaborne LNG deliveries to European destinations, including Turkey, fell 16% last week to almost 2.6bcm, although another…

Read more

Move to replace Russian supply boosts coal prices

(Montel) European coal prices would likely remain supported this week, as European generators continued to seek non-Russian material…

Read more

Nordic power futures rise on cool, dry weather outlook

(Montel) Nordic power prices rose on Monday as forecasts for relatively cool and dry weather raised the prospect…

Read more

First Dutch floating LNG plant set to arrive in August – TSO

(Montel) The Netherlands will receive its first floating LNG plant, at Eemshaven in Groningen, in early August…

Read more

Belgium’s largest battery storage (100 MW) set for Q3 launch

(Montel) French battery developer Corsica Sole will begin operations at Belgium’s largest battery storage plant (100 MW)…

Read more

German spot power to rise 9% as wind output drops

(Montel) German day-ahead power prices looked set to rise around 9.4% on Monday as forecasts showed wind generation…

Read more

Oil slides USD 3 as China’s Covid lockdown persists

(Montel) Oil prices fell up to USD 3 on Monday as lockdowns to help contain Covid-19 persisted in…

Read more

Macron wins election, vows to boost nuclear, renewables

(Montel) Incumbent French president Emmanuel Macron, who ran on a ticket to boost nuclear and renewable energy, was…

Read more

Nord Stream 2 will never receive operational permit – Berlin

(Montel) The contested German-Russian Nord Stream 2 gas pipeline project will not receive the necessary permits to operate…

Read more

Dutch to ban Russian energy imports by year end

(Montel) The Dutch government plans to ban Russian energy imports by year end due to the latter’s war…

Read more

CO2 hits 2-month high, eyes EUR 90/t

(Montel) European carbon prices hit a two-month high on Friday and neared the EUR 90/t threshold amid a…

Read more

German Cal 23 power extends record on rising carbon, gas

(Montel) The German power front-year contract rose to extend its record on Friday, supported by gains in the…

Read more

Swedish, Finnish TSOs plan 65 TWh/year hydrogen pipeline

(Montel) The gas TSOs in Sweden and Finland plan to build a 1,000km hydrogen pipeline that could handle…

Read more

Fingrid to cut Russian import capacity by 400 MW

(Montel) Finnish TSO Fingrid plans to curb power import capacity from Russia by 400 MW on a permanent…

Read more

France faces choice between green or nuclear-only future

(Montel) French voters go to the polls in Sunday’s presidential election faced with a choice between more…

Read more

Gas curve falls amid profit-taking, volatility

(Montel) Dutch TTF gas prices eased along the curve on Friday, as traders took profits after Thursday’s “steep”…

Read more

EUAs move higher after breaking out of trading range

(Montel) European carbon prices continued climbing on Friday after breaking out of a six-week trading range earlier this…

Read more

Nordic power front rises on cold outlook, poor wind

(Montel) Nordic near-term power futures rose on Friday amid colder weather forecasts and relatively poor wind across…

Read more

Finnish power retailer posts EUR 45.5m loss on hedging

(Montel) Lumme Energia, the retail power arm of regional Finnish utility Suur-Savon Sahko, reported its loss widened to…

Read more

LNG influx drives TTF premium over Spain, UK, France

(Montel) European benchmark Dutch TTF prices have risen to significant premiums versus their Spanish, UK and French counterparts,…

Read more

Spain gas trading volumes jump 12% in 2021

(Montel) Wholesale gas volumes traded at Spain’s PVB hub jumped 11.5% year on year to a total…

Read more

Germany to see cool start to May with limited wind

(Montel) Germany was expected to see cool, dry weather to the end of April and early May, with…

Read more

Europe flow-based market coupling set for 8 June launch

(Montel) TSOs and power exchanges in 13 European countries will introduce flow-based power market coupling on 8…

Read more

Engie faces near EUR 1bn loss over Nord Stream 2

(Montel) French utility Engie is set to book a EUR 987m loss from its investment in the…

Read more

PGNiG’s LNG imports surge 34% in January-March

(Montel) Polish gas monopoly PGNiG imported 1.1bcm of LNG in the first quarter, a 34% jump from the…

Read more

German spot power eyes 35% rise next week as wind to plunge

(Montel) German spot power prices looked set to jump 35% next week amid expectations of plunging wind…

Read more

Crude prices fall despite ongoing supply unease

(Montel) Crude oil was lower early on Friday despite persistent supply worries due to the war in…

Read more

Coal, gas continue rise on supply fears

(Montel) European coal and gas prices were rising on Thursday amid concerns around Russian energy supply disruptions amid…

Read more

Nordic TSOs complete simulation to improve power market

(Montel) The Nordic TSOs have finalised a nodal power price simulation for 2025 which aims to alleviate…

Read more

Spain hopes to launch LNG re-export facility this year

(Montel) Spain’s government is hoping to launch the idled El Musel LNG facility this year to help…

Read more

Germany starts gas data collection under emergency plan

(Montel) Germany’s BNA network agency has begun data collection from all gas network operators as part of a…

Read more

Russian Black Sea coal exports decline as risk premiums soar

(Montel) Coal exports from Russian Black Sea ports have declined 14% so far this month, amid surging vessel…

Read more

Korea's KHNP offers to build Poland’s first reactor by 2033

(Montel) Korea Hydro & Nuclear Power (KHNP) has offered to build 8.4 GW of nuclear power in Poland,…

Read more

German Cal 23 power hits fresh high on fuels rally

(Montel) The German Cal 23 power contract hit a new record high on Thursday amid rallying fuels prices.…

Read more

Gas prices jump on Norwegian outages, low Russian flows

(Montel) European gas prices rose in midday trading on Thursday, buoyed by relatively low flows from Norway –…

Read more

Finnish power prices could jump 30% on Russia ban – Volue

(Montel) Finnish power prices could jump 30%, or EUR 17, on average next year if the country banned…

Read more

Le Pen’s “nuclear-only strategy not viable” – Macron

(Montel) France’s presidential candidates have clashed in a live TV debate, with incumbent Emmanuel Macron slamming far-right…

Read more

Norwegian firm eyes 2 TWh green ammonia plant

(Montel) Norwegian developer Fuella is planning to build a green ammonia plant in the north of the country…

Read more

Nordic front-year power extends contract high

(Montel) Nordic power for delivery next year hit a fresh contract high on Thursday amid expectations of…

Read more

German spot power set to dive 18% on more wind

(Montel) German day-ahead power prices looked set to fall around 18% on Thursday as forecasts indicated wind…

Read more

Engie eyes EDF renewables arm in event of nationalisation

(Montel) French energy company Engie is considering taking over rival EDF’s renewables arm should the latter be…

Read more

BHP’s thermal coal output slides 13% in January-March

(Montel) BHP reduced thermal coal production 13% on the year in January-March due to adverse weather conditions and…

Read more

Oil prices rise on flagging Russian output, US crude stocks

(Montel) Oil prices rose in early Thursday trading amid signs of weakening Russian output, with Germany signalling it…

Read more

Carbon surges to near 8-week high

(Montel) The carbon benchmark streaked to near an eight-week high on Wednesday after news of potential EU market…

Read more

German power can be secure without Russian gas – study

(Montel) Germany could cover its power consumption without Russian gas at short notice while maintaining national coal and…

Read more

German front-year power nears record high as coal jumps

(Montel) The German Cal 23 power contract neared its record high on Wednesday as coal prices jumped, while…

Read more

CO2 jumps EUR 6 to top EUR 86/t on compliance, technicals

(Montel) European carbon prices jumped EUR 6 to top EUR 86/t on Wednesday, breaking well clear of a…

Read more

Amazon plans 340 MW green growth in Spain, France

(Montel) Tech giant Amazon is planning 340 MW of new investments in wind and solar projects in…

Read more

Denmark proposes additional EUR 50/t carbon fee

(Montel) Danish companies subject to the EU ETS should pay an additional DKK 375/t (EUR 50/t) CO2 fee…

Read more

Gas prices rise on Norway outage, Russia concerns

(Montel) European gas prices were rising on Wednesday after Norway slashed supply due to a scheduled outage, while…

Read more

South Africa coal exports to EU jump 10-fold in April

(Montel) South Africa’s coal exports to EU destinations have surged 10-fold so far this month versus the same…

Read more

Nestle signs 50 MW Spanish solar PPA with BayWa

(Montel) Food giant Nestle has signed a 10-year power purchase agreement (PPA) with German renewables developer BayWa for…

Read more

France-Italy cable (1.2 GW) full operations set for Q3 – TSO

(Montel) The 1.2 GW France-Italy Savoie-Piedmont interconnector, which will start up at half of capacity at the beginning…

Read more

NORDIC – Front slides on increased weather uncertainty

(Montel) Nordic power front contracts dropped on Monday, as weather forecasts turned more uncertain and spot prices were…

Read more

Statkraft signs 300 GWh PPA with cement producer

(Montel) Statkraft has signed a 300 GWh, 10-year renewable power purchase agreement (PPA) with German cement firm Opterra…

Read more

Moody’s raises US gas price guidance on growing EU demand

(Montel) Ratings agency Moody’s has raised its medium-term gas price guidance range by USD 0.50/MMBtu (EUR 1.58/MWh) on…

Read more

German spot power to ease EUR 10 as wind strengthens

(Montel) German day-ahead power prices looked set to ease near EUR 10 on Wednesday, amid a forecast…

Read more

SSE buys 3.9 GW wind portfolio from Siemens Gamesa

(Montel) UK energy firm SSE has agreed to buy a 3.9 GW onshore wind power portfolio in southern…

Read more

Oil prices edge up following Tuesday’s 5% plunge

(Montel) Oil prices rebounded on Wednesday morning following the previous session’s sharp drop, as renewed supply concerns outweighed…

Read more

Coal slips as supply improves

(Montel) European nearby coal prices softened in Tuesday trading amid signs of growing regional supply – despite looming…

Read more

EDF finds indications of possible corrosion on 4 reactors

(Montel) EDF has said it found indications of possible stress corrosion on the auxiliary circuits of four French…

Read more

Spanish spot power hits 6-month low on strong renewables

(Montel) Spanish baseload power for Wednesday settled at EUR 85.19/MWh, its lowest level since late October, amid…

Read more

German Cal 23 power rises with firm coal prices

(Montel) Germany’s benchmark power contract rose on Tuesday amid a buoyant coal market and lingering concerns about energy…

Read more

Gas curve dips as market waits, flows rise

(Montel) European front-month gas prices continued to drop on Tuesday amid a lack of major announcements relating to…

Read more

Spanish spot power set to slump EUR 30 as gas hits year low

(Montel) Spanish spot power prices could slump more than EUR 30 on average this week as gas prices…

Read more

EU coal terminal stocks rise to 4.5-month high

(Montel) Coal inventories at northwest European ports have risen 15% on the week to their highest since early…

Read more

Nordic Q3 power hits fresh high on cold, dry weather outlook

(Montel) Nordic power futures jumped on Tuesday – with the front quarter contract hitting a new record high…

Read more

Europe may face LNG glut as global demand wanes – analysts

(Montel) Europe could see a glut in LNG until summer amid weaker global demand, especially in China and…

Read more

Norway’s March gas exports hit record high 10.2bcm

(Montel) Norway exported 10.2bcm of natural gas through pipelines to other European destinations in March, a new monthly…

Read more

Oil prices remain elevated on Russian supply concerns

(Montel) Oil was trading flat on Tuesday but prices remained elevated as concerns around Russian supply persisted with…

Read more

Denmark to quadruple renewables output by 2030

(Montel) Denmark’s government aims to quadruple its annual power output from wind and solar plants by 2030 in…

Read more

Europe gas consumption to fall 6% this year on war – IEA

(Montel) European gas consumption is set to fall 6% in 2022 year on year due to Russia’s ongoing…

Read more

Gas demand from Italy's industrial sector slides 10%

(Montel) Gas demand from the Italian industrial sector slid 10% year on year in March to 12.4 TWh,…

Read more

Supply unease underpins European coal prices

(Montel) European coal prices were little changed in Thursday trading as an imminent sanction-related halt to Russian supply…

Read more

Putin says gas can be bought in euros – Austrian chancellor

(Montel) Russia will continue to supply gas, even if payment is made in euros, Russian president Vladimir Putin…

Read more

German power curve tumbles up to EUR 5 with gas fall

(Montel) German curve power contracts fell up to EUR 5 on Thursday pressured by falling gas prices as…

Read more

UK front-month gas drops to lowest point since invasion

(Montel) European gas prices fell on Thursday, with the UK front month hitting its lowest point since Russia’s…

Read more

Swiss power demand rises 4.3% in 2021 amid recovery

(Montel) Switzerland’s net power demand rose 4.3% on the year to 58.1 TWh in 2021 due to its…

Read more

British gas demand could be 7% higher this summer – TSO

(Montel) British gas demand is likely to be nearly 7% higher this summer versus the same period last…

Read more

German spot power set to dive 23% amid more wind

(Montel) German day-ahead power prices looked set to fall around EUR 52 on Thursday as forecasts indicated higher…

Read more

Asia-Pacific coal prices hit 1-month high

(Montel) Asia-Pacific benchmark coal prices have risen to one-month highs as European buyers continue to scour the global…

Read more

Oil prices slip on US stock build but concerns persist

(Montel) Oil prices eased in early Thursday trading as some rise in US inventories offset persisting concerns of…

Read more

High gas prices deter Italian storage injections – analysts

(Montel) Spiralling spot gas prices currently above levels for those next winter are deterring storage injections at Italian…

Read more

Dutch mull doubling green H2 target to 8 GW by 2030

(Montel) The Dutch government is considering doubling the country’s current green hydrogen target for 2030 from 4…

Read more

German front-year power hits 3-month high on war tensions

(Montel) German power for delivery next year rose to EUR 201.75/MWh on Wednesday, the highest since December last…

Read more

Crucial French EPR report 4 months late – regulator

(Montel) France’s ASN does not expect utility EDF to submit its plans to reinforce fuel-rod grids on its…

Read more

Nordic power prices edge up as market jitters continue

(Montel) Nordic power futures edged higher on Wednesday, though the Q3 was just off yesterday’s record high, as…

Read more

Surging renewables demand outstrips supply – report

(Montel) European developers of renewable assets are struggling to meet “voracious” demand from corporates eager to lock in…

Read more

FocusEconomics raises 2022 coal price outlook 27%

(Montel) Pacific basin benchmark coal prices could average nearly USD 240/t this year, up 27% – or USD…

Read more

US hikes LNG export growth forecast amid EU demand

(Montel) US LNG exports should jump 25% year on year in 2022, a 9 percentage point hike from…

Read more

France to get near EUR 4bn in fees for onshore wind – lobby

(Montel) The French state is set to benefit to the tune of EUR 3.7bn in fees from…

Read more

German spot power to rise EUR 9 on lower green output

(Montel) German day-ahead power prices looked set to rise more than EUR 9 on Wednesday amid a forecast…

Read more

Oil continues rise as Putin’s comments stoke supply concerns

(Montel) Oil prices continued their rise on Wednesday as Russian president Vladimir Putin said his country’s invasion of…

Read more

Britain’s wind hits 23.3 TWh generation record in Q1

(Montel) Wind generation in Britain hit a new quarterly record of 23.3 TWh between January and March this…

Read more

Carbon little changed amid subdued pre-Easter market

(Montel) European carbon prices rose marginally on Tuesday afternoon after spending much of the session in negative territory…

Read more

Finnish spot power prices drop significantly after OL3 start

(Montel) Finnish power prices averaged almost 50% below those in other Nordic area zones over the past month…

Read more

Germany awards 1.1 GW solar at EUR 51.90/MWh

(Montel) Germany has awarded 1.1 GW of solar capacity a subsidy of EUR 51.90/MWh in the latest…

Read more

Russia-Ukraine war amplifies German-Dutch gas risk premium

(Montel) Germany’s front-year gas price has surged relative to the equivalent Dutch TTF contract due to associated Russian…

Read more

Ireland's Alternus to buy 228 MW Spanish solar projects

(Montel) Dublin-based renewable independent power producer Alternus Energy will buy 228 MW across seven Spanish solar projects, it…

Read more

EU will struggle to replace Russian coal – analysts

(Montel) European buyers are rapidly seeking alternatives to banned Russian coal, but analysts are concerned the structural shift…

Read more

OX2 expands to Estonia, eyes 500 MW onshore wind

(Montel) Swedish renewables developer OX2 will develop 500 MW onshore wind capacity in Estonia with a local partner,…

Read more

Nordic Q3 power hits contract high on cold, dry outlook

(Montel) Nordic Q3 power hit a contract high on Tuesday as prices continued their rise, buoyed by persistent…

Read more

Australia’s Newcastle coal exports slip 6% in Q1

(Montel) Coal exports from the key Australian port of Newcastle declined by 6.2% in the first quarter, in…

Read more

German spot power to jump near EUR 40 on lower green output

(Montel) German day-ahead power prices looked set to rise near EUR 40 as forecasts showed renewables generation was…

Read more

Oil rises as Opec cautions about replacing Russian supply

(Montel) Oil prices were rising on Tuesday as producer group Opec cautioned that Russian supply could not be…

Read more

German power prices retreat amid weaker gas

(Montel) German curve power prices retreated from past highs – with the front year hitting a record high…

Read more

Denmark could add 8 GW renewables by 2027 – TSO

(Montel) Denmark’s power grid can already handle 4 GW of additional onshore wind and solar output, a figure…

Read more

LNG Weekly – European imports slide by a third

(Montel) Seaborne LNG deliveries to European destinations, including Turkey, fell 32.6% last week to 2.5bcm but volumes should…

Read more

Front-month gas softens on LNG “armada”, mild outlook

(Montel) Benchmark front-month European gas futures softened on Monday amid strong LNG supply, with an “armada” on…

Read more

Russia supply ban to boost coal prices

(Montel) European coal prices faced further gains as the prospect of an EU-wide ban on Russian coal imports…

Read more

EU leaders to discuss energy crisis options in May

(Montel) EU leaders will meet to discuss options to tackle the current energy price crisis at the end…

Read more

German spot power to dive EUR 43 on rising wind output

(Montel) German day-ahead power prices looked set to dive almost EUR 43 on Monday, as forecasts pointed to…

Read more

Pro-nuclear Macron wins 1st round of French election

(Montel) Pro-nuclear incumbent Emmanuel Macron has won the first round of the French presidential election.…

Read more

Oil prices fall amid China lockdown, IEA reserve plan

(Montel) Oil prices were falling on Monday amid an ongoing Covid-19 lockdown affecting major crude consumer China, while…

Read more

EU confirms ban to end all Russian coal imports by 10 August

(Montel) All Russian coal and other solid fossil fuels imports to the EU must stop by 10 August…

Read more

Gerrman power hits record high on Russia coal ban

(Montel) Germany’s benchmark front-year power contract hit a fresh record high on Friday after the European Commission announced…

Read more

Gas rises on coal embargo, lower pipeline flows

(Montel) European gas prices traded higher on Friday amid news the EU will implement an embargo on Russian…

Read more

EUAs set to hover around EUR 80/t

(Montel) European carbon prices increased for the second straight session on Friday but look set to remain within…

Read more

German parliament agrees on gas reserve plan

(Montel) Germany’s upper house of parliament on Friday agreed on a plan to fill gas storage to 90%…

Read more

Nordic power extends gains on cold outlook, rising fuels

(Montel) Nordic power futures were rising on Friday amid colder weather forecasts and rising gas prices. …

Read more

EU approves ban on Russian coal imports – France

(Montel) EU diplomats have approved the European Commission’s proposed ban on Russian coal imports, the French EU presidency…

Read more

Oil market seeks clearer direction amid supply concerns

(Montel) Oil prices were little changed in early Friday trading as increased supply to the market from emergency…

Read more

Rollercoaster Nordic market to recover – trader

(Montel) The extreme volatility in the Nordic power market – with prices on some contracts skyrocketing 10-fold –…

Read more

CO2 flat as market awaits news of embargo

(Montel) European carbon prices rose EUR 1 on Thursday, after dropping around the same amount on Wednesday, remaining…

Read more

France faces winter supply "disaster" amid nuclear slump

(Montel) France faces a power supply “disaster” next winter with EDF vastly overestimating its likely nuclear output, analysts…

Read more

Green group slams UK energy strategy as “wholly inadequate”

(Montel) The UK’s newly announced strategy failed to set out plans for a greener and more independent energy…

Read more

Iberian reforms to drain market liquidity further – experts

(Montel) Plans from the Spanish and Portuguese governments to cap prices in energy markets will aggravate the current…

Read more

Nordic front power rises on cooler weather outlook

(Montel) Nordic power futures were trading higher on Thursday amid a cooler weather outlook, which could boost spot…

Read more

Embargo of Russian gas imports not yet on table – Draghi

(Montel) An embargo on gas imports from Russia is not yet under consideration at EU level, said Italian…

Read more

France urges EU ban of Russian oil imports

(Montel) The EU should ban Russian oil imports amid the war in Ukraine, said French economy minister…

Read more

Oil prices rise as supply fears persist

(Montel) Oil prices rose early on Thursday as the International Energy Agency’s (IEA) latest move to release more…

Read more

UK eyes “significant acceleration” of nuclear by 2050

(Montel) The UK government plans to expand nuclear capacity by more than 17 GW from current levels to…

Read more

EU hints at further gas, oil sanctions on Russia

(Montel) EU member states will have to sanction oil and gas imports from Russia “sooner or later” if…

Read more

Coal prices rise on looming sanctions

(Montel) European coal contracts rose on Wednesday ahead of a possible EU ban of Russian imports.…

Read more

Polish TSO plans relaunch of 1.3 GW link with Ukraine

(Montel) Polish TSO PSE is planning to relaunch an idle 1.3 GW interconnector between Poland and Ukraine, though…

Read more

German cabinet agrees on renewables expansion package

(Montel) Germany’s cabinet on Wednesday agreed on legislation to speed up the country’s renewables expansion and reach an…

Read more

German power matches record on Russian embargo fears

(Montel) Germany's benchmark Cal 23 power contract matched its record high EUR 189 on Wednesday in line with…

Read more

Gas contracts rise amid cold weather, war jitters

(Montel) European gas contracts firmed on Wednesday amid cold temperatures and general nervousness about the war in…

Read more

Nordic front power slides on more precipitation

(Montel) Nordic power front contracts dropped further on Wednesday, as more precipitation is set to improve the hydrological…

Read more

Acer consults on Finnish-Swedish cross-border hedging option

(Montel) EU energy regulatory agency Acer is seeking market views on how to improve risk hedging options for…

Read more

War to have profound impact on EU power prices – DNV

(Montel) Russia’s war in Ukraine and attendant European sanctions on energy imports will have a profound impact on…

Read more

German spot power eyes 30% drop as wind soars

(Montel) German day-ahead power prices looked set to plunge 30% on Wednesday, as forecasts pointed to robust…

Read more

Crude prices gain slightly as EU mulls sanctions

(Montel) Oil prices were slightly higher on Wednesday, as an EU debate on Russian oil import sanctions in…

Read more

Russia threatens to cut gas supplies to Orsted

(Montel) Russia may cut gas supplies to Danish energy group Orsted if the company fails to pay its…

Read more

MEPs agree to fast-track EU gas storage obligations

(Montel) The European Parliament agreed to fast-track approval for draft obligations to refill EU gas storage to 80%…

Read more

Coal jumps EUR 40 as EU seeks Russia import ban

(Montel) European coal prices jumped nearly EUR 40 on Tuesday as the European Commission planned to include coal…

Read more

Von der Leyen confirms plans to ban Russian coal

(Montel) The European Commission has proposed banning Russian coal imports as part of a fifth package of sanctions…

Read more

EC looks to include coal in new Russian sanctions

(Montel) The European Commission is considering including coal in a fifth package of sanctions against Russia for the…

Read more

German power gains on Russian coal ban risk, cool weather

(Montel) German power prices rose on Tuesday, as the market priced in the risk of a European ban…

Read more

Gas prices range-bound amid sanction fears, steady flows

(Montel) European gas prices stayed range-bound on Tuesday, as supply fears over sanctions against Russian imports countered steady…

Read more

Indonesia hikes April coal price 42% on Russia coal ban

(Montel) Indonesia has hiked its April coal reference price by 42% month on month to USD 288.40/t amid…

Read more

Southeast Europe can wean itself off Russian gas – experts

(Montel) Romania and Bulgaria, southeastern Europe’s largest energy consumers after Greece, plan to cut their reliance on Russian…

Read more

EU finance ministers discuss stricter Russian sanctions

(Montel) EU finance ministers are discussing how to strengthen sanctions against Russia, including on energy, at a meeting…

Read more

Green hydrogen developers grapple with price volatility

(Montel) Many of Europe’s green hydrogen project developers are struggling to conclude contracts with end-users amid price volatility…

Read more

BKW appoints ABB manager as new CEO

(Montel) Swiss utility BKW has appointed as its CEO Robert Itschner, executive board chairman of power firm ABB…

Read more

Crude prices rise amid possible new Russia sanctions

(Montel) Oil prices were higher on Tuesday amid supply concerns as the EU mulled further sanctions against…

Read more

Sweden TSO boosts power exports to Norway

(Montel) Swedish TSO Svenska Kraftnat has significantly increased power exchange capacity with Norway and Denmark after adopting a…

Read more

German regulator to temporarily take over Gazprom Germania

(Montel) German regulator BNA will become the temporary trust manager of Gazprom subsidiary Gazprom Germania in a…

Read more

Gas drops amid sanctions, ruble uncertainty

(Montel) European gas prices were slipping on Monday amid uncertainties about possible new sanctions against Russia and its…

Read more

German power prices drop with gas amid low liquidity

(Montel) German power for delivery next month and next quarter dropped on Monday along with weaker gas prices…

Read more

EEX adjusts margin requirements amid energy price crisis

(Montel) Europe’s EEX power exchange has adjusted margin requirements for customers due to spiralling energy prices, it said…

Read more

Spanish spot power to fall on low demand, futures decline

(Montel) Spanish spot power prices were set to see downward pressure from reduced demand as the holiday…

Read more

Gas front month dips amid healthy supply, warmer weather

(Montel) Benchmark European gas prices slipped nearly 2% on Monday amid healthy pipeline supply and forecasts of…

Read more

Nordic power futures soften amid uncertainty

(Montel) Nordic power futures traded down on Monday, as market participants awaited more news about potential disruptions to…

Read more

EU power bourses to hike price cap after French spike

(Montel) EU spot power exchanges will raise their price cap to EUR 4,000/MWh for the European single…

Read more

French spot power hits EUR 3,000 amid supply crunch

(Montel) French spot power prices for Monday surged to EUR 3,000/MWh as temperatures plummeted, with TSO RTE forecasting…

Read more

Europe to "act" on Russian energy imports – Macron

(Montel) Europe could “act” to sanction Russian coal and oil imports to the bloc within days, French president…

Read more

Oil rises on supply fears, possible further Russia sanctions

(Montel) Oil prices were rising on Monday amid supply concerns and as the EU talked of further sanctions…

Read more

EU prepares more sanctions against Russia due to war crimes

(Montel) The EU is preparing to hit Russia with more sanctions – which could include an embargo of…

Read more

German ministers at odds over gas ban – reports

(Montel) Germany’s defence minister said the EU should consider banning Russian energy imports due to war crimes in…

Read more

Baltic states halt Russian gas imports amid war

(Montel) Baltic states Latvia, Lithuania and Estonia have stopped importing gas from Russia due to its war on…

Read more

UK rules out energy rationing despite supply squeeze

(Montel) The UK has ruled out energy rationing despite concerns around supply amid the fallout from the Ukraine…

Read more

Gas falls as flows continue but clarity needed

(Montel) European gas contracts were falling on Friday afternoon as Russian flows continued despite the country’s assertion payment…

Read more

French power surges to EUR 840/MWh amid cold snap

(Montel) French spot power prices for delivery on Monday jumped EUR 125 to EUR 840/MWh on the…

Read more

MEPs seek urgent approval for EU gas storage obligations

(Montel) The EU should urgently approve draft obligations to refill gas storage sites to 80% by 1 November…

Read more

France not expecting halt to Russian gas flows – Pompili

(Montel) France does not expect a halt to gas imports from Russia despite its leader Vladimir Putin’s demands…

Read more

Gas prices fall as Russian threat to flows fails to occur

(Montel) European gas contracts fell on Friday as Russian imports continued despite threats yesterday that indicated flows could…

Read more

Verified EU ETS emissions climb 8.4% in 2021 – Refinitiv

(Montel) Stationary installations obliged to participate in the EU’s carbon market saw their emissions climb 8.4% last year,…

Read more

Nordic Q3 power gains amid low liquidity, cold outlook

(Montel) Nordic Q3 and May power traded up on Friday, albeit amid thin trade, as forecasts indicated cold…

Read more

Carbon to consolidate amid war, economic uncertainty

(Montel) European carbon prices were moving higher on Friday but looked set to consolidate within a wide EUR…

Read more

GB nodal pricing could harm hedging, confidence – analysts

(Montel) National Grid’s proposal to shift Great Britain to a “nodal” pricing system – whereby power is traded…

Read more

German spot power to fall on more wind next week

(Montel) German spot power prices looked set to fall next week, as wind generation was expected to…

Read more

Crude prices fall on US pledge to release oil reserves

(Montel) Crude oil was lower early on Friday, as a US plan to release oil from its reserves…

Read more

US to release 1m bbl/day of oil from strategic reserve

(Montel) US president Joe Biden on Thursday ordered the release of up to 180m bbl of oil from…

Read more

Gas market downplays Putin’s ruble payment threat

(Montel) Market participants on Thursday downplayed the threat by Russian president Vladimir Putin to force foreign buyers of…

Read more

Pay in rubles for gas from Friday or else – Putin

(Montel) European buyers who fail to pay for Russian gas in rubles from Friday face a halt to…

Read more

EC finds Qatar LNG contracts comply with EU rules

(Montel) There is no breach of EU competition rules in Qatar Energy LNG supply contracts with European…

Read more

Opec+ to boost supply by 0.432m bbl/day in May

(Montel) Opec and its Russia-led partners agreed on Thursday to increase oil supply in May by 0.432m bbl/day,…

Read more

Russian gas flows to Europe “not at risk” – Draghi

(Montel) Gas flows from Russia to Europe “are not at risk” of disruption, Italian prime minister Mario Draghi…

Read more

Gas volatility persists as market awaits ruble decision

(Montel) European front-month gas contracts traded mixed in volatile trading on Thursday morning, as the market awaited news…

Read more

ENBW books 3bcm/year at LNG import terminal Stade

(Montel) German utility ENBW has booked 3bcm/year of LNG with the new import terminal in Stade as part…

Read more

EC raids gas firms in Germany over suspected market abuse

(Montel) The European Commission has raided the premises of several natural gas companies in Germany over suspicions that…

Read more

Austria joins Germany with gas supply warning in ruble row

(Montel) Austria has warned that Russia’s plan to demand payment for gas in rubles could disrupt supplies, joining…

Read more

German spot power set to ease as wind output rises

(Montel) German spot power prices looked set to drop on Thursday as forecasts pointed to rising wind…

Read more

Oil prices dive on reports US will release more reserves

(Montel) Oil prices shed as much as 6% early on Thursday following reports the US was set to…

Read more

France plans winter gas cuts to avert supply crunch

(Montel) France is drawing up a decree to allow it to cut or reduce gas supplies to big…

Read more

Spanish LNG imports set to increase 36% in May – TSO

(Montel) Spain’s LNG imports should jump 36% year on year to almost 22 TWh (2bcm) in May,…

Read more

France mulls boosting capacity of Dunkirk LNG terminal

(Montel) France is considering boosting the injection capacity at the Dunkirk LNG terminal amid EU efforts to…

Read more

Carbon falls to 6-day low amid risk aversion

(Montel) European carbon prices dipped to a six-day low on Wednesday amid a lack of market participants willing…

Read more

Baltics eye LNG terminal to replace Russian gas – minister

(Montel) Building a new LNG terminal is one way in which the Baltic nations and Finland could terminate…

Read more

Kremlin hints at gradual gas pricing in rubles – Tass

(Montel) Russia may pace the introduction of its plans to price its energy exports in rubles, the…

Read more

German power prices gain on gas supply fears, cooler outlook

(Montel) German power prices rose on Wednesday along the curve amid renewed gas supply fears and short-term contracts…

Read more

Cepsa plans 2 GW of hydrogen, 7 GW green energy in Iberia

(Montel) Spain’s Cepsa will invest up to EUR 8bn in its new strategic plan, which includes 2…

Read more

Russia's western coal exports drop 12% since invasion

(Montel) Russia’s coal exports to mostly European destinations have declined 12% since launching its invasion of Ukraine five…

Read more

Gas prompt jumps 14% with German early warning

(Montel) Benchmark European gas contracts jumped 14% on Wednesday morning as Germany declared an early warning of…

Read more

Nordic April power extends gains on sustained cold, gas

(Montel) Nordic power futures for delivery next month and Q2 traded up in response to sustained colder…

Read more

Nordic power retailers rethink contracts amid volatility

(Montel) Volatile energy prices are forcing Nordic electricity suppliers to rethink contracts they offer customers, potentially hitting liquidity…

Read more

German front-month power jumps EUR 25 on gas warning

(Montel) German front-month power surged EUR 25 on Wednesday after the government sounded a warning over gas deliveries…

Read more

Germany could cut demand for Russian gas to 10% by 2024

(Montel) Germany could cut the share of Russian gas for consumption to 10% by mid-2024 from around 55%…

Read more

Germany readies moves to counter Russia gas payment demands

(Montel) Germany instituted an early warning stage of its so-called national gas emergency plan in response to Russian…

Read more

Poland set to ban Russian coal imports, freeze assets

(Montel) Poland's government has introduced a draft bill banning coal imports from Russia and freezing the assets of…

Read more

German spot power retreats as wind set to surge

(Montel) German day-ahead power prices looked set to fall on Wednesday as forecasters tipped wind generation to…

Read more

Oil prices rise amid Russian pledge scepticism

(Montel) Oil prices edged higher early on Wednesday amid scepticism about Russia’s pledge to “drastically reduce combat operations”…

Read more

Ruble showdown supports energy complex

(Montel) European gas and coal prices pared early gains on Tuesday but remained supported by concerns Russia…

Read more

Spain gas reference price possible within a month – minister

(Montel) Spain and Portugal plan to send to Brussels this week a proposal for a gas reference…

Read more

Gazprom prepared to burn bridges with Europe – sources

(Montel) Russia’s Gazprom is prepared to lose face with Europe by changing the denomination of its gas supply…

Read more

German power curve gains with Russian supply jitters

(Montel) German benchmark power prices gained on Tuesday from mounting concerns Russia may halt gas exports to…

Read more

EU coal terminal stocks rise to 7-week high

(Montel) Coal inventories at northwest European ports have risen 13% on the week to their highest since early…

Read more

France to decide “within weeks” on new LNG terminal

(Montel) France will decide “within weeks” whether to invest in a 50 TWh/yr floating LNG terminal at Le…

Read more

UK proposes ending EU GO imports on 1 Oct

(Montel) The UK government has proposed ending the import of EU guarantees of origin (GOs) on 1 October,…

Read more

Markets face oil, gas shortage without Russia – Habeck

(Montel) World energy markets could face an oil and gas shortage as a result of weaning off Russian…

Read more

Gas prices jump 10% amid Russia supply unease, lower flows

(Montel) European gas prices were spiking 10.2% on Tuesday amid unease about Russian supplies and lower flows.…

Read more

"Spring squeeze" could drive Nordic power to new highs

(Montel) Nordic power prices could reach fresh highs next month if cold weather delayed snowmelt and further tightened…

Read more

Norway could hike EU gas exports 17% (20bcm) – report

(Montel) Norway is likely to boost annual gas exports to the EU by 17%, or 20bcm, in…

Read more

EU solar ready to ramp up to cut Russian gas imports

(Montel) The EU’s solar photovoltaic sector is ready to ramp up capacity to help cut Russian gas imports…

Read more

Nordic front power continues rise on cold weather, gas

(Montel) Nordic front power contracts continued rising on Tuesday amid a colder outlook for April and stronger…

Read more

Uniper targeting 40% hydrogen at Grain power plant

(Montel) German utility Uniper is seeking to use hydrogen blends for up to 40% of volume at its…

Read more

Statkraft, Aker pull out of Norway green ammonia scheme

(Montel) Statkraft and Aker Clean Hydrogen will withdraw from a joint venture with fertiliser producer Yara that had…

Read more

Europe could halve gas use for power by 2030 – Wartsila

(Montel) Europe could cut gas use in power consumption by more than half by 2030 if it rapidly…

Read more

German spot power to jump EUR 15 on low green output

(Montel) German day-ahead power prices looked set to rise almost EUR 15 on Tuesday as forecasts indicated a…

Read more

Oil continues fall as China Covid concerns curb market

(Montel) Oil continued to fall on Tuesday, after seeing losses in the prior session, as concerns about a…

Read more

UK plans to triple solar capacity, double onshore wind

(Montel) The UK is planning to triple current solar capacity by 2030, while doubling onshore wind and is…

Read more

Carbon jumps to near 1-month high

(Montel) European carbon prices rose to near one-month highs in Monday trading, buoyed by compliance buying, supportive technical…

Read more

US LNG deal with EU falls short of needs – analysts

(Montel) An agreement by the US to supply an extra 15bcm of LNG to the EU this year…

Read more

Infinergies plans 100 MW Finnish wind farm

(Montel) German renewables developer Infinergies is hoping to build a wind farm in Finland with up to 100…

Read more

German power front month increases with gas, weather outlook

(Montel) The German power contract for April increased on Monday on the back of higher gas prices…

Read more

G7 rejects Russian demand for ruble payment – Germany

(Montel) Energy ministers from the group of seven industrialised countries (G7) have rejected demands by Russia to pay…

Read more

German 2021 energy use still lags pre-pandemic levels

(Montel) German primary energy use stood at 3,407 TWh last year, up 3.1% versus 2020 but still below…

Read more

Esma dispels carbon market intervention fears – analysts

(Montel) A report on Monday by the EU’s financial regulator Esma has diluted concerns of potentially stark…

Read more

Spain power futures fall up to EUR 26 on gas price plan

(Montel) Spanish forward power prices fell up to EUR 26 on Monday after prime minister Pedro Sanchez…

Read more

Gas front month rises on peace talks, colder weather

(Montel) Benchmark European gas prices rose from a one-month low early on Monday amid some pessimism over…

Read more

Supply shortfall to underpin coal prices

(Montel) A lingering shortfall in spot supply will likely underpin European coal prices close to current levels, market…

Read more

Esma recommends extended controls on carbon trading

(Montel) EU financial watchdog Esma recommended on Monday to extend controls on the bloc’s emissions trading scheme…

Read more

Nordic power front jumps on cold forecast, snowmelt delay

(Montel) Nordic front power contracts were trading markedly higher on Monday, as a forecast cold start of April…

Read more

Endesa to replace Pego coal plant with 800 MW green capacity

(Montel) Spanish utility Endesa will invest EUR 600m to develop nearly 800 MW of renewable capacity in…

Read more

German spot power to jump 11% as solar output plummets

(Montel) German day-ahead power prices looked set to rise almost 11% on Monday, as forecasts pointed to dwindling…

Read more

Orsted sells 50% stake in UK wind farm

(Montel) Orsted will sell a 50% stake in its Hornsea 2 (1.3 GW) offshore wind farm in the…

Read more

Crude prices fall on China Covid lockdown

(Montel) Crude oil was lower early on Monday amid potential demand destruction in China after the second-largest oil…

Read more

Nordic TSOs agree to support Baltic energy system

(Montel) The four Nordic TSOs have agreed measures to help provide the Baltic states with frequency support if…

Read more

EU top politicians agree need for joint gas buying option

(Montel) The EU needs a voluntary joint mechanism to buy natural gas, LNG and hydrogen to help lower…

Read more

EU ministers to examine gas price cap amid Nordic opposition

(Montel) EU energy ministers will discuss a cap on wholesale gas prices at an extraordinary meeting in May…

Read more

EU leaders agree conditions for urgent market interventions

(Montel) EU leaders have agreed conditions for urgent interventions to tackle high power prices after Spain and Portugal…

Read more

Coal softens amid broader complex weakness

(Montel) European coal trading activity was subdued on Friday as traders awaited fresh market signals, while weaker gas…

Read more

Estonian TSO acquires 105 GWh winter gas reserve

(Montel) Estonian TSO Elering has bought 105 GWh of gas for reserve supply next winter, which will be…

Read more

US aims to supply extra 15bcm of LNG to EU this year

The US will strive to supply an extra 15bcm of LNG at least to the EU this…

Read more

German power front month falls on lower gas prices

(Montel) Germany’s front-month power contract fell on Friday in reaction to lower gas prices, after the EU dismissed…

Read more

Europe’s TTF hub to be 2022 global LNG benchmark – analysts

(Montel) High Dutch TTF gas prices, as Europe cuts Russian supplies, will enable the hub to benchmark global…

Read more

Gas volatility reigns amid escalating war tensions

(Montel) European gas prices were seesawing on Friday amid escalating tensions surrounding the Ukraine war as ongoing supply…

Read more

French nuclear slump hinders Russian gas exit – analysts

(Montel) Falling nuclear output in France has spurred gas demand in the country and is hampering EU moves…

Read more

Nordic power futures fall with gas, German power

(Montel) Nordic power futures fell along with gas and German power prices on Friday, though forecasts remained very…

Read more

German spot power to rise next week

(Montel) German spot power prices looked set to rise next week as forecasts predicted diminishing solar production,…

Read more

Germany to receive 7.5bcm LNG next winter

(Montel) Germany will receive 7.5bcm of LNG next winter in a bid to reduce dependence on Russian gas…

Read more

Germany mulls three floating LNG units – report

(Montel) The German government could charter three floating LNG units to expedite independence from Russian gas imports, Der…

Read more

Crude prices rangebound amid Russia supply unease

(Montel) Crude oil was flat early on Friday, as European leaders mulled further energy sanctions against Russia over…

Read more

EU won’t be blackmailed over Russian energy – von der Leyen

(Montel) The EU will no longer be blackmailed by Russia over energy supplies to the continent, said European…

Read more

Latvia to push for Russian oil, coal embargo at EU summit

(Montel) Latvia will push for an embargo on Russian oil and coal imports when EU leaders meet today…

Read more

Sweden's OX2 buys 500 MW Greek renewables projects

(Montel) Swedish renewables developer OX2 has bought two portfolios in Greece with a total installed capacity of more…

Read more

Carbon rebounds on compliance buying

(Montel) European carbon prices rose on Thursday amid compliance buying, rebounding from losses seen yesterday.…

Read more

Ukraine has enough coal to avoid more imports – Dtek

(Montel) Ukraine’s coal stocks have risen to over 1m tonnes, up more than 40% on the month, thereby…

Read more

EU carbon market emissions increase 9% in 2021 – poll

(Montel) Stationary installations obliged to participate in the EU’s carbon market likely saw their emissions climb 9%…

Read more

Germany to start gas phase-out from 2024

(Montel) Germany's coalition government has agreed to phase out natural gas from 2024, beginning with a drive…

Read more

Hydropower GO prices dip amid war uncertainty

(Montel) European hydropower guarantees of origin (GOs) prices edged down during the week, as uncertainty around the Ukraine…

Read more

Italian TSO boosts grid investment budget by nearly 10%

(Montel)- Italian TSO Terna has revised higher its investments through to 2025 by 9% to EUR 10bn to…

Read more

Gas prices continue rally amid ruble plan, summits

(Montel) European gas prices extended their rally as the market mulled Russian president Vladimir Putin’s plan to charge…

Read more

EDF nationalisation would face EC approval hurdle – analysts

(Montel) Nationalising EDF would enable France to finance a costly nuclear revival, but the government would still need…

Read more

Newcastle coal drops below Europe benchmark

(Montel) The Pacific basin’s leading coal index has fallen a further 29% to drop below Europe’s benchmark…

Read more

EC will urge Biden to prioritise US LNG exports to Europe

(Montel) European Commission president Ursula von der Leyen plans to ask US president Joe Biden to prioritise LNG…

Read more

Nordic power prices fall from 2-week high despite strong gas

(Montel) Nordic power futures retreated from two-week highs on Thursday, though traders said it was difficult to explain…

Read more

Enea's power output rises 19% in 2021

(Montel) Polish state-run utility Enea generated 26.4 TWh of power in 2021, a year-on-year increase of 3.9 TWh…

Read more

Belgium, Engie face tough nuclear talks – experts

(Montel) Belgium and nuclear operator Engie Electrabel face difficult talks over extending the lifetimes of Doel 4 (1…

Read more

EC to discuss Canadian energy imports to EU

(Montel) The European Commission is to discuss potential Canadian energy supplies to the EU in its efforts to…

Read more

Russia coal production hits 3-month high in February

(Montel) Russian coal production grew 13% on the month in February to a three-month high, official data showed…

Read more

German spot power rangebound as wind remains low

(Montel) German spot power prices looked set to stay flat on Thursday, as forecasts showed wind production…

Read more

PGNiG’s wholesale gas sales jump 19% in 2021

(Montel) Polish gas monopoly PGNiG saw natural gas sales on the wholesale market jump 19% year on year…

Read more

Oil prices trade mixed ahead of key EU and Nato summits

(Montel) Oil prices were mixed in volatile trading early on Thursday ahead of EU, Nato and G7 summits…

Read more

Gas soars over 20%, carbon falls, coal jumps

(Montel) European front-month gas contracts surged by over 20% in volatile trading on Wednesday afternoon, as Russian president…

Read more

German energy lobby BDEW rejects energy market price caps

(Montel) The German BDEW energy industry association on Wednesday rejected the introduction of price caps in energy markets,…

Read more

Gas prices surge as Russia to demand ruble payments

(Montel) European gas prices surged on Wednesday after Russian president Vladimir Putin announced that gas deliveries would…

Read more

ENBW to let Russian gas contracts lapse

(Montel) ENBW will let its gas procurement contracts with Russia lapse, the company said on Wednesday as…

Read more

EC proposes EU gas storage must be 80% full by 1 November

(Montel) EU gas storage must be at least 80% full by 1 November as part of efforts to…

Read more

German April power jumps 15% amid potential EU rule, ban

(Montel) The German power curve rose on Wednesday amid anticipated new EU gas storage rules and fears of…

Read more

EC mulls price caps, aggregators to tackle energy crisis

(Montel) Capping prices, aggregating demand and negotiating gas and LNG contracts at the EU level are options the…

Read more

Shell books “substantial” capacity at German LNG terminal

(Montel) Shell has signed a first agreement to book long-term capacity at a planned 8bcm/year LNG terminal project…

Read more

Germany’s Scholz rejects ban on Russian gas imports – report

(Montel) An import ban on Russian fuels would hurt the German economy and endanger jobs, German chancellor Olaf…

Read more

Gas prices increase in anticipation of storage rules

(Montel) European gas prices increased on Wednesday amid expectations of a new EU storage regulation increasing gas…

Read more

Europe can end Russian gas imports by 2025 – analysis

(Montel) The EU’s “Fit for 55” climate package, fast-tracking clean energy and gas supplies from outside Russia would…

Read more

Nordic power curve continues rise on colder outlook, gas

(Montel) Nordic power futures rose for the fifth consecutive day on Wednesday in response to a colder…

Read more

PGE’s 2021 power output jumps 18% to 68.8 TWh

(Montel) Polish utility PGE produced 68.8 TWh of power last year, up 18% from 2020, thanks to an…

Read more

Finnish firms to build 1 GW solar in Finland, Sweden by 2030

(Montel) Finnish energy infrastructure firm Skarta and solar developer Solarigo Systems plan to build 1 GW of solar…

Read more

EU coal port stocks rise marginally from multi-year lows

(Montel) Coal inventories at northwest European ports have risen by 7% from multi-year lows seen in mid-March amid…

Read more

TotalEnergies to stop buying Russian oil by end-2022

(Montel) French energy firm TotalEnergies has said it will stop buying oil and oil products from Russia…

Read more

ENBW raises forward power hedges slightly

(Montel) German utility ENBW has locked in slightly more sales on its power for the next two…

Read more

German spot power to trade flat amid weak wind output

(Montel) German day-ahead power prices looked set to edge down less than EUR 1 on Wednesday, as green…

Read more

Oil edges up as EU weighs tougher sanctions on Russia

(Montel) Oil prices edged higher early on Wednesday as market participants assessed whether a toughening of EU sanctions…

Read more

Coal climbs off 3-week low on bargain-hunting

(Montel) European coal prices climbed back from the previous session’s three-week lows, as market participants took advantage of…

Read more

French power flows reverse as nuclear output hits new low

(Montel) France was importing more power than it was exporting in a reversal of flows sparked by record…

Read more

German power prices climb with buoyant fuels

(Montel) German power prices rose on Tuesday amid higher coal and gas prices, with Russia’s ongoing war in…

Read more

Post-Brexit market coupling may not happen – Nord Pool

(Montel) The establishment of “multi-region loose volume coupling” (MRLVC), linking the UK and Ireland to EU power markets,…

Read more

Gas front month gains on Norwegian outage, low wind

(Montel) European gas front months edged higher on Tuesday, as an unplanned Norwegian outage and weak wind…

Read more

Spain could speed up renewables push – experts

(Montel) Spain could speed up its renewables push amid European plans to reduce energy dependence on Russia,…

Read more

Payment issues hamper China-Russia coal trade

(Montel) Payment issues – in light of a partial ban on Russia using the Swift banking system –…

Read more

War will keep coal prices above USD 130/t – traders

(Montel) European coal prices will likely remain at a minimum of USD 130/t for the foreseeable future as…

Read more

Nordic front power firms on colder outlook, higher gas

(Montel) Nordic power futures for delivery next month and Q3 traded up in response to a colder…

Read more

German spot power to trade sideways amid low wind output

(Montel) German day-ahead power prices looked set to trade sideways on Tuesday as forecasts showed wind power generation…

Read more

Oil nears USD 120 as EU mulls Russian crude ban

(Montel) Oil prices jumped USD 3 on Tuesday, with Brent nearing USD 120/bbl, as Europe mulled joining a…

Read more

Algeria-Spain tension to complicate gas talks – experts

(Montel) Mounting diplomatic tensions between Spain and Algeria may complicate talks to renegotiate gas contracts, yet supply was…

Read more

RWE, Uniper to collaborate on H2 with Adnoc

(Montel) German utility RWE and the United Arab Emirates’ state-owned oil company Adnoc have signed a memorandum…

Read more

High gas price does not benefit green H2 – Preem

(Montel) Despite the fact that natural gas prices have reached record highs this year, Swedish oil group Preem…

Read more

Spanish power to trade sideways, slide on weaker gas

(Montel) Spanish spot and forward power prices could trade sideways or drop this week on the back…

Read more

Green H2 more economical amid soaring fuel prices – Rystad

(Montel) The economics of green hydrogen against other forms of the gas have become increasingly attractive since Russia’s…

Read more

Ban on Russian Black Sea coal ports unlikely – analysts

(Montel) Europe is unlikely to place a blanket ban on coal purchases from Russian Black Sea ports, although…

Read more

Front-month gas slips to 3-week low on rising supply

(Montel) Benchmark European gas prices dropped nearly 5% to a three-week low on Monday as steady pipeline…

Read more

Spain sees 44 energy retailers go bust amid price crisis

(Montel) Spiralling power and gas prices saw 44 Spanish energy distributors go bust last year, the country's…

Read more

Coal trading to be range-bound

(Montel) European coal prices were likely to trade sideways this week, as tighter supply in the Atlantic basin…

Read more

Italy’s February power demand rises 3% to 25 TWh

(Montel) Power demand in Italy rose nearly 3% year on year to 25.49 TWh in February, TSO Terna…

Read more

Nordic Q2 power rises on colder outlook, stronger spot

(Montel) The Nordic bellwether front-quarter power contract gained on Monday amid colder weather forecasts and stronger spot prices.…

Read more

Russian coal exports to EU may drop 45% in 2022 – analyst

(Montel) Russian thermal coal exports to Europe could potentially drop 45% this year as buyers shy away from…

Read more

Italy EUR 4.4bn energy package set to aid businesses

(Montel) A new EUR 4.4bn Italian energy package will help businesses and families cope with spiralling energy costs…

Read more

German spot power eyes 16% rise on less wind output

(Montel) German day-ahead power prices looked set to rise 16% on Monday as forecasts pointed to below-normal wind…

Read more

Novatek board member quits as sanctions bite

(Montel) Gennady Timchenko – a board member and significant shareholder of Russia’s largest LNG producer Novatek – has…

Read more

Oil prices continue rise as Russian supply concerns persist

(Montel) Oil prices were continuing to rise on Monday – adding to the prior session’s gains –…

Read more

EU’s LNG import plan might be untenable – analysts

(Montel) Europe will struggle to boost LNG imports in 2022 by almost 55% to reduce reliance on Russia’s…

Read more

Johnson mulls 5-fold increase in UK nuclear power – report

(Montel) UK prime minister Boris Johnson is mulling a five-fold increase in the country’s planned nuclear capacity by…

Read more

Germany agrees LNG deal with Qatar

(Montel) Germany has agreed a short-term LNG supply deal with Qatar to help diversify from Russian gas, economy…

Read more

Eni offers Europe additional 16bcm/year of gas

(Montel) Italian energy company Eni could make available an additional 16bcm/year of gas to Europe beginning next winter,…

Read more

Energy complex flattens despite war shock

(Montel) European contracts for gas, coal and carbon all saw limited moves on Friday as markets flattened…

Read more

Belgium agrees to extend lifetime of 2 reactors to 2036

(Montel) Belgium on Friday agreed to extend the lifetimes of two reactors – Doel 4 (1 GW)…

Read more

Italy, Spain, Portugal, Greece seek “urgent” energy reforms

(Montel) The prime ministers of Italy, Spain, Portugal and Greece will together call for “urgent” energy reforms at…

Read more

Europe to stay largely dry until end of June – forecasters

(Montel) European weather should stay largely dry until the end of June, with May seeing the highest chances…

Read more

Portugal to tender 3-4 GW of offshore wind this year

(Montel) Portugal plans to auction 3-4 GW of offshore wind capacity this year, which would be operational…

Read more

Lithuanian power supplier operates despite sanctions hit

(Montel) Lithuanian electricity supplier Inter Rao Lietuva was continuing to operate despite being hit by sanctions due to…

Read more

German April power falls in tandem with lower gas prices

(Montel) Germany’s front-month power contract fell on Friday in reaction to lower gas prices.…

Read more

Gas prices rangebound amid Ukraine war supply threat

(Montel) European gas contracts remained in a sideways pattern on Friday, as the market awaited new signals…

Read more

Dutch TSO signs 5-year charter for floating LNG terminal

(Montel) TSO Gasunie has chartered a 600mmscf/day (17mcm/day) floating LNG import terminal for five years from Belgium’s Exmar,…

Read more

EUAs consolidate near EUR 80

(Montel) European carbon prices looked set to consolidate near EUR 80/t, as some profit-taking on Friday snapped eight…

Read more

EDF launches EUR 3.1bn recapitalisation

(Montel) French utility EDF has launched a EUR 3.1bn recapitalisation, as it faces struggling nuclear power output…

Read more

Denmark may need 16 GW more offshore wind by 2030 – analyst

(Montel) Denmark may have to install 15-16 GW of new offshore wind power capacity within eight years to…

Read more

Nordic spot power may hit 1-month low on reduced demand

(Montel) The Nordic system price could hit a one-month low on reduced weekend demand and lower exports to…

Read more

Russian Black Sea coal exports rise despite risks

(Montel) Coal exports from Russian Black Sea ports continue to rise despite the country’s war in Ukraine elevating…

Read more

Fortum seeks 2050 extension for 1 GW Loviisa nuclear plant

(Montel) Finnish utility Fortum has sought government approval to extend the lifetime of its 1 GW Loviisa nuclear…

Read more

Crude prices rise on Russia supply unease

(Montel) Crude oil was higher early on Friday on the potential fallout of an International Energy Agency (IEA)…

Read more

Enel hedges 46% of 2023 Italian production at EUR 75.4/MWh

(Montel) Italian utility Enel has hedged about 46% of its 2023 domestic power production at an average price…

Read more

Leag may close lignite mine after court order

(Montel) German utility Leag’s Jeanschwalde lignite mine faces closure from 15 May after a court ruling which might…

Read more

Italy’s Adriatic LNG terminal raises capacity by 13% to 9bcm

(Montel) Italy’s Adriatic LNG terminal has increased its operating capacity to 9bcm/year from 8bcm/year, it said.…

Read more

German ministry aims to raise renewable tender volumes

(Montel) A German ministry has presented a draft amendment to significantly increase tender volumes for renewable power installations.…

Read more

Italian gas TSO mulls offshore Spain-Italy pipeline

(Montel) Italy’s Snam is assessing an offshore gas pipeline linking Spain and Italy to enhance Iberia’s limited interconnection…

Read more

Messages linked to GOs provided transparency – Nord Pool

(Montel) A series of recent Nord Pool market messages linked to guarantees of origin (GOs) provided transparency and…

Read more

EU ministers want accord on ETS reforms by end of June

(Montel) EU environment ministers aim to decide their position on carbon market reforms by the end of June…

Read more

Lithuania's LNG capacity fully booked due to war jitters

(Montel) Imports of LNG through Lithuania’s terminal in Klapeida were fully booked until 30 September, which marked the…

Read more

CO2 rises on compliance demand, MSR hopes

(Montel) European carbon prices rose on Thursday on compliance demand, strong auction results and amid a proposal to…

Read more

German power Cal 23 recovers on higher gas

(Montel) German power for delivery next year rose on Thursday, as it followed gas prices higher and recovered…

Read more

Nasdaq Commodities increases trading fees by 7%

(Montel) Nasdaq Commodities will raise variable trading fees for all Nordic and European electricity and gas contracts from…

Read more

Finland’s EAB buys 69 MW solar portfolio in Spain

(Montel) Finnish asset manager Elite Alfred Berg (EAB) purchased a portfolio of several solar projects (69 MW) in…

Read more

Enel coal power output to more than double in 2022 - unions

(Montel) Italian utility Enel expects to more than double its coal-fired power output and add up to 20…

Read more

Poland helps Ukraine to maintain coal stocks

(Montel) Poland is supplying Ukraine with 0.06m tonnes of coal to ensure it has sufficient stocks to meet…

Read more

GO prices fall amid ample supply

(Montel) Prices for European guarantees of origin (GOs) fell during the week to Thursday amid ample supply, although…

Read more

Gas prices rise on lower pipeline supply, Russia risk

(Montel) European gas prices rose on Thursday amid lower pipeline supply, with the market also reassessing the risk…

Read more

Nordic power front edges down on wetter outlook

(Montel) Nordic power futures for delivery next quarter traded down in response to wetter forecasts, ignoring higher…

Read more

Spanish minister backs EUR 180/MWh spot power cap

(Montel) Spain should reinstate a EUR 180/MWh cap on the spot power market to curb spiralling prices precipitated…

Read more

US Cheniere to export 20.4mcm/d more LNG to Europe

(Montel) Houston-headquartered energy firm Cheniere, one of the world’s biggest LNG suppliers, is set to export an additional…

Read more

EDF borrows EUR 10bn in wake of Arenh requirement

(Montel) EDF has borrowed EUR 10.25bn from nine banks amid financial hurdles caused by the government’s decision to…

Read more

TAP gas flows to Europe hit 10bcm capacity for first time

(Montel) Gas flows to Europe via the Trans Adriatic Pipeline (TAP) reached their full capacity of 10bcm a…

Read more

Orsted seeks alternative after Latvia rejects wind project

(Montel) Orsted is seeking an alternative location to build a large offshore wind farm in the Baltic region…

Read more

German spot power to gain as wind output wanes

(Montel) German day-ahead power looked set to edge up on Thursday amid below-normal wind output and strengthened…

Read more

Oil prices rise amid risk of Russian supply shortfall

(Montel) Oil prices rose nearly 4% early on Thursday following a warning that sanctions and buyers shunning Russian…

Read more

EDF to sell additional 19.5 TWh to rivals at cheap rate

(Montel) French utility EDF will sell an additional 19.5 TWh of nuclear power at the regulated Arenh…

Read more

Power price bidding zone review to begin despite uncertainty

(Montel) European TSOs are set to begin a one-year review of power price bidding zones in the…

Read more

Verbund hedges 23% of 2023 output at EUR 66.70/MWh

(Montel) Austrian utility Verbund had hedged 23% of the planned 2023 hydropower generation at 66.70 EUR/MWh by…

Read more

Norway and Germany to assess plans for hydrogen pipeline

(Montel) Norway and Germany have agreed to make a joint review over plans to build a hydrogen pipeline…

Read more

Berlin to spend EUR 203bn to speed up energy transition

(Montel) Berlin aims to fund the German energy transition and climate protection measures with EUR 203bn by 2026,…

Read more

Coal slumps 14% on profit-taking

(Montel) European nearby coal prices plunged more than 14% in Wednesday trading as related market losses triggered widespread…

Read more

Dry German weather may further hamper coal shipping

(Montel) A relatively dry winter in Germany that persisted this spring could hamper river-borne coal transportation later this…

Read more

EU synchronises power grid with Ukraine, Moldova

(Montel) The electricity grids of Ukraine and Moldova have been successfully synchronised with the “continental European grid” to…

Read more

Uniper books additional Dutch LNG, will replace Russian coal

(Montel) German utility Uniper has booked more Dutch LNG capacity as it looks to replace Russian gas supply…

Read more

German April power falls with lower gas price, mild weather

(Montel) Germany’s front-month power contract shed about EUR 6 on Wednesday with lower gas prices  as mild weather…

Read more

French solar lobby urges tripling of capacity by 2025

(Montel) France should put in place an “emergency plan” to triple solar capacity by 2025 to 37 GW…

Read more

Gas prompt prices ease on mild weather

(Montel) European gas prices retreated on Wednesday after initial gains as markets shrugged off a downturn in…

Read more

IEA revises down oil demand outlook on growth concerns

(Montel) The International Energy Agency has revised down its global oil demand outlook for 2022, pointing to economic…

Read more

Germany to decide on gas reserve target this week – Green MP

(Montel) The German parliament is set to initially approve draft targets for refilling the country’s gas storage…

Read more

Russian gas flows slip to lowest since invasion

(Montel) Russian gas exports to northwestern Europe have fallen to their lowest levels since Moscow’s invasion of…

Read more

Pacific coal prices may more than halve this year – analysts

(Montel) Pacific basin benchmark coal prices could more than halve from current levels by the fourth quarter, as…

Read more

German spot power to fall with more wind

(Montel) German day-ahead power prices looked set to fall on Wednesday on the back of more normal…

Read more

Portugal proposes capping spot power at EUR 180/MWh

(Montel) The Portuguese government was in talks with Spanish counterparts to cap daily and intraday power prices in…

Read more

Oil prices rebound as supply, geopolitical risks remain

(Montel) Oil prices were trading more than 2% higher early on Wednesday, clawing back from this week’s sharp…

Read more

OMV plans to shift away from oil, gas production

(Montel) Austrian oil and gas company OMV plans to shift away from fossil fuels towards carbon capture and…

Read more

Eon hedges 78% of its 2022 nuclear generation at EUR 56/MWh

(Montel) German utility Eon's subsidiary Preussen Elektra had hedged 78% of its 2022 nuclear power generation by the…

Read more

EU protects energy trade as sanctions on Russia tighten

(Montel) The EU has been careful to ensure energy trade with Russia can continue even as it tightens…

Read more

EU ministers agree carbon border tax approach

(Montel)  EU economy ministers have agreed their basic preferred approach for imposing a carbon border tax on…

Read more

Carbon drops amid correction, gas rebounds

(Montel) European carbon prices were losing ground on Tuesday amid a correction following five straight sessions of gains,…

Read more

EU panel backs keeping carbon reserve intake at 24%

(Montel) A key European Parliament committee has backed keeping the 24% intake rate of EU carbon allowances into…

Read more

Global coal supply may slide 7% in March – DBX

(Montel) Global seaborne thermal coal supply could drop 7% on the year in March amid a sharp reduction…

Read more

UK could stop EU GO imports on 31 March 2023 – consultant

(Montel) The UK could stop importing EU guarantees of origin (GOs) on 31 March 2023 unless a system…

Read more

Rising inflation, Ukraine crisis may hit oil demand – Opec

(Montel) Spiralling inflation and the escalating war in Ukraine, if sustained, could hit global oil demand and investments…

Read more

Europe faces high energy costs without more renewables – RWE

(Montel) Russia’s war on Ukraine will leave Europe with a legacy of “structurally higher” energy costs until…

Read more

German power curve rebounds in line with volatile gas

(Montel) German power contracts rebounded in line with gas prices on Tuesday after several days of losses,…

Read more

OX2 plans 800 MW Finnish onshore wind farm

(Montel) Swedish wind developer OX2 plans an onshore wind farm of up to 800 MW on the west…

Read more

Italian gas imports jump 13% to 5.5bcm in February

(Montel) Italy’s gas imports rose 13% year on year in February to 5.5bcm, or 57.9 TWh, partly thanks…

Read more

Nordic front power rebounds on higher German prices

(Montel) Nordic front power contracts rebounded on Tuesday on higher German power prices and a correction. …

Read more

Northvolt to build large battery factory in Germany

(Montel) Swedish firm Northvolt is planning to build a large power-intensive battery cell factory in Heide, northern Germany.…

Read more

Gas prices rebound from 2-week lows

(Montel) European gas prices rebounded from two-week lows in early Tuesday trading as a slight drop in Russian…

Read more

German energy sector emissions rise 12% in 2021

(Montel) Germany’s energy sector emissions rose 12.4% year on year to 247m tonnes in 2021, as high gas…

Read more

EU bans new investment in Russian energy sector

(Montel) The EU has agreed to ban new investment in Russia’s energy sector as part of a fourth…

Read more

German spot power to drop as wind and solar output surge

(Montel) German day-ahead power looked set to sink nearly 25% on Tuesday as forecasts showed wind and…

Read more

Russia gas exodus may delay UK coal unit’s closure

(Montel) Uniper may prolong the life of a 505 MW coal-fired unit at its 2 GW coal-fired plant…

Read more

France launches two floating wind projects (500 MW)

(Montel) France has launched a competitive bidding process for the development of two floating wind farms of 250…

Read more

Dutch to curb Groningen quota, boost LNG

(Montel) The Dutch government will likely reduce the amount of gas needed from the Dutch Groningen field in…

Read more

Equinor halts trading of Russian oil amid invasion

(Montel) Norwegian oil and gas major Equinor will halt all trading in Russian oil products following the…

Read more

UK looks to extend life of nuclear plant by 20 years

(Montel) The UK is looking to extend the lifetime of its Sizewell B nuclear plant (1.2 GW) by…

Read more

RWE trading earnings surge 43% in 2021

(Montel) RWE’s trading division earnings jumped 43% off already elevated levels last year to lift the company’s…

Read more

Crude extends losses as supply concerns ease slightly

(Montel) Crude prices extended losses seen in the prior session on Tuesday as concerns around supply disruptions in…

Read more

CO2 hits 2-week high amid compliance buying

(Montel) European carbon prices rose by more than 3 EUR to reach a two-week high on Monday, as…

Read more

German hub aims to use up to 10 TWh LNG imports for stocks

(Montel) German gas hub operator THE aims to use up to 10 TWh of imported LNG to help…

Read more

German front-month power falls on easing gas flows concerns

(Montel) German front-month power continued last week’s decline on Monday tracking weaker gas and coal prices amid easing…

Read more

Germany woos South Africa to replace Russian coal

(Montel) Germany’s plan to halt all imports of Russian coal this year has deepened market efforts to secure…

Read more

Gas front month drops 10% on peace talks, healthy supply

(Montel) Front-month gas prices on Europe’s benchmark Dutch TTF hub dropped nearly 10% to a two-week low…

Read more

Spain spot power to sink EUR 100 on more renewables

(Montel) Spanish spot power prices could extend losses this week and drop around EUR 100 amid higher…

Read more

Nordic power curve on wetter outlook, fuels sell-off

(Montel) Nordic power futures traded down across the board on Monday amid a wetter outlook and a…

Read more

Spot coal demand to underpin prices

(Montel) Prompt European coal prices should remain elevated this week, as buyers vied for limited spot material and…

Read more

LNG imports rise 12% to 3.1bcm

(Montel) Seaborne LNG deliveries to European destinations, including Turkey, increased 12% last week to 3.1bcm, while another…

Read more

Russian gas flows remain steady, prices ease

(Montel) Russian gas exports to northwestern Europe were flat on the week on Monday morning, as gas…

Read more

German spot power rises with less wind, solar

(Montel) German day-ahead power prices looked set to rise on Monday owing to less wind and solar…

Read more

EDF faces EUR 26bn earnings hit due to low output, Arenh

(Montel) French utility EDF’s earnings this year will take a EUR 26.2bn hit due to low nuclear output…

Read more

Former UN secretary general warns UK about fracking return

(Montel) Former UN secretary general Ban Ki-moon has warned the UK about a return to fracking for shale…

Read more

Oil prices remain elevated as war jitters persist

(Montel) Oil prices remained elevated – near multi-year highs – on Monday in volatile trading as an “energy…

Read more

CO2 rises to 10-day high on compliance buying

(Montel) European carbon prices were climbing for the fourth consecutive session on Friday as they hit a 10-day…

Read more

EC clears taxes on “windfall profits” to curb energy spike

(Montel) European governments were free to tax the unexpected gains of those who profited from a surge in…

Read more

Italian industry needs more aid amid high gas costs – lobby

(Montel) Italy needs to expand current emergency energy-crisis measures to limit the impact of spiralling prices on gas-intensive…

Read more

Europe could boost LNG imports 60% this year – ING

(Montel) Europe has the spare capacity to increase LNG imports by around 68bcm, or 63%, this year from…

Read more

German power front month slumps to 10-day low

(Montel) Germany’s front-month power contract fell to a 10-day low on Friday as some concerns about Russian gas…

Read more

Gas price volatility persists on supply disruption fears

(Montel) Gas contracts retraced intraday losses on Friday morning, after opening weaker, amid nervousness about possible supply…

Read more

Danish balancing costs jump 50% – TSO

(Montel) Costs to balance demand and supply in the Danish electricity market soared by 50% to a record…

Read more

EUAs recover on dip buying

(Montel) European carbon prices extended a recovery on Friday to reach roughly 18% higher on the week…

Read more

Spain energy use may drop 10% amid high prices – consultant

(Montel) Spanish energy demand could drop about 10% amid spiralling fuel prices and measures to cut European…

Read more

EU industrials bid to sell hedged gas volumes as costs soar

(Montel) European industrials are seeking to sell hedged gas volumes back into the market as they reduce their…

Read more

BKW acquires 6 French wind farms totalling 106 MW

(Montel) Swiss utility BKW has acquired six French onshore wind farms with a total capacity of 105.7 MW,…

Read more

Nordic April power drops amid falling gas prices

(Montel) Nordic front-month power futures traded down for the third session in a row on Friday, amid…

Read more

German mild spell to last into April with average wind

(Montel) Germany would see mild weather continuing into April, with near or partially below normal wind production over…

Read more

German spot power to ease next week on falling fuels, demand

(Montel) German spot power prices looked set to ease next week amid dropping fuel prices, milder weather…

Read more

Oil prices rise as supply disruption concerns persist

(Montel) Brent crude oil prices consolidated above USD 111/bbl early on Friday, following a volatile week amid…

Read more

UK raises ETS cost curb measure to GBP 102.74 for June

(Montel) The UK has raised the cost curb measure for its UKA emissions certificates by 8% month on…

Read more

EU should axe Russian energy by 2027 – von der Leyen

(Montel) The EU should end its reliance on Russian energy imports in five years, European Commission president Ursula…

Read more

Italy approves construction of 400 MW wind capacity

(Montel) Italy’s cabinet on Thursday approved six wind power projects with a combined installed capacity of around 400…

Read more

Energy complex slips as Russia supply fears ebb

(Montel) European gas and coal contracts eased while carbon extended a recovery on Thursday, as fears of…

Read more

Difficult to fast-track Baltic Pipe despite war – agency

(Montel) It will be challenging to complete the 10bcm Baltic Pipe linking Norway, Denmark and Poland earlier than…

Read more

Maersk signs clean fuels deal requiring 2.9 GW green power

(Montel) Danish shipping giant Maersk has signed several deals for so-called green methanol for its container ships by…

Read more

German power curve prices fall on steady gas flows

(Montel) Prices along the German power curve fell on Thursday on steady gas flows from Russia amid its…

Read more

EU must invest EUR 300bn in renewables to curb gas – report

(Montel) Europe would need to plough EUR 300bn into new wind and solar projects up to 2025 in…

Read more

EU needs immediate measures to cut Russian gas use – experts

(Montel) Europe should move "immediately" to cut gas demand across the region faced with Russia’s threat to halt…

Read more

Asia-Pacific coal index extends record above USD 400/t

(Montel) The Pacific basin’s leading coal index surged another 33% this week to a fresh record above…

Read more

Infrastructure needed to meet wind targets – German lobby

(Montel) Germany must ramp-up manufacturing and infrastructure capacity to meet offshore wind targets by 2030, said lobby group…

Read more

Gas prices slide amid sanctions dearth, ample flows

(Montel) European gas prices slipped further in early Thursday trading, as the West’s reluctance to impose significant sanctions…

Read more

Nordic power front extends losses on flagging gas prices

(Montel) Nordic near-term power futures continued to fall on Thursday amid weaker European fuels prices and an…

Read more

Nasdaq Nordic volumes drop 50% on uncertainty

(Montel) Nordic financial power volumes traded or cleared at Nasdaq plunged 50% year on year in January-February amid…

Read more

UK sanctions 7 oligarchs, including Gazprom, Rosneft CEOs

(Montel) The UK government has imposed sanctions on seven Russian oligarchs, including the heads of Gazprom and Rosneft,…

Read more

Russian troops attack gas pipeline facilities – TSO

(Montel) Russian troops have attempted to gain access to compressor stations of Ukraine’s gas transmission system (GTS), raising…

Read more

Owner of Russian coal producer resigns after sanction

(Montel) Andrey Melnichenko, the main shareholder of Russia’s largest coal producer Suek, has resigned, the firm said on…

Read more

Germany to put condemned lignite units in reserve – minister

(Montel) Germany plans to put some lignite-fired units earmarked for closure in a reserve scheme in order to…

Read more

European industry urges help from Ukraine war fallout

(Montel) European steel and cement makers have urged greater government support to avert the collapse of energy-intensive…

Read more

Brent crude steadies after 13% drop on UAE support

(Montel) Brent crude oil prices steadied early on Thursday following a 13% drop in the previous session when…

Read more

Germany targets more than 600 GW renewables by 2045

(Montel) Germany’s government wants the nation’s total renewables capacity to reach more than 600 GW by 2045 to…

Read more

Italy’s Draghi urges regions to speed up renewables permits

(Montel) Italian prime minister Mario Draghi on Wednesday urged regions to expedite permits for new renewables facilities, which…

Read more

CO2 gains on coal demand expectations

(Montel) European carbon prices continued to rise on Wednesday – after the sharp rebound the previous day –…

Read more

Engie extends LNG contract with US firm Cheniere

(Montel) French utility Engie has extended a contract with US LNG supplier Cheniere by nine years and nearly…

Read more

Acer, regulators close to agreement on 70% cross-border rule

(Montel) EU regulatory agency Acer and the bloc’s national regulators are set to harmonise their approach on…

Read more

EC considers wholesale gas price cap

(Montel) The European Commission is mulling a proposal to cap wholesale gas prices in a bid to prevent…

Read more

Germany mulls delaying coal exit tenders amid supply crisis

(Montel) Germany’s economy ministry is assessing whether to postpone future tenders for hard coal-fired power plant closures due…

Read more

German front-week power dives EUR 100 on gas sell-off

(Montel) Power contracts for the coming weeks dived EUR 100 on Wednesday amid a gas sell-off but…

Read more

Chernobyl plant in “emergency shutdown” – operator

(Montel) Ukrainian nuclear plant operator Energoatom has performed an “emergency shutdown” at its Chernobyl plant, which recently fell…

Read more

Efet suspends Gazprom trading due to Ukraine war

(Montel) The European Federation of Energy Traders (Efet) has suspended the membership of Gazprom Marketing and Trading…

Read more

Gas sell-off continues as Russian flows rise

(Montel) European gas contracts continued to shed value for a second day on Wednesday amid doubts about a…

Read more

Finland unlikely to licence 1.2 GW reactor – minister

(Montel) Finland is unlikely to grant a construction licence for Fennovoima’s planned 1.2 GW nuclear reactor amid the…

Read more

Diversifying from Russian gas a threat to EU winter stocks

(Montel) Europe would struggle to replenish gas inventories sufficiently ahead of next winter if it shunned Russian imports,…

Read more

Nordic power futures shed EUR 12 on flagging fuels markets

(Montel) Nordic power futures fell on Wednesday in line with flagging German power and fuel markets, albeit amid…

Read more

German 12bcm/year Stade LNG project plans 2026 start-up

(Montel) A 12bcm/year LNG project at Stade in Germany plans to submit approval documents by Easter and aims…

Read more

US maintains 16% LNG export growth outlook for 2022

(Montel) US LNG exports should grow 16% this year, unchanged from last month’s percentage outlook, as European demand…

Read more

Crisis may prolong life of Estonian oil shale plants

(Montel) Estonia is likely to keep some of its ageing oil shale fleet in operation longer than expected…

Read more

Heightened risk of Ukraine transit pipeline damage – analyst

(Montel) An escalation over the past week of the Russia-Ukraine conflict has increased the risk of damage to…

Read more

Norway regulator probes NSL Remit messages linked to GOs

(Montel) Norway’s regulator is investigating messages posted by several Denmark-based firms on Nord Pool’s urgent market message board…

Read more

France could boost LNG capacity by up to 15% in “weeks”

(Montel) France could boost its LNG regasification capacity by up to 15% in the "next few days or…

Read more

Oil prices rise 2% after US, UK ban Russian imports

(Montel) Oil prices traded around 2% higher early on Wednesday, after the US said it would ban imports…

Read more

CO2 emissions from energy soar 6% in 2021 – IEA

(Montel) Global energy-related CO2 emissions rose by 6% last year to 36.3bn tonnes, driven largely by coal, as…

Read more

Enel resumes plan to build LNG terminal

(Montel) Italian utility Enel has resumed its plans to build an LNG terminal in an effort to reduce…

Read more

Carbon rebounds with largest ever euro gain

(Montel) European carbon prices jumped by EUR 10 on Tuesday in their largest single-day gain in euros…

Read more

EC wants gas storage 90% full by 1 October each year

(Montel) The European Commission wants EU gas storage to be at least 90% full ahead of the winter…

Read more

UK needs framework for long-term LNG deals – economist

(Montel) The UK government should define a policy framework enabling the country to purchase more LNG through long-term…

Read more

US bans energy imports from Russia – Biden

(Montel) The US has banned energy imports from Russia, as Washington steps up measures to punish Moscow…

Read more

EU could cut Russian gas imports by 100bcm this year – EC

(Montel) The EU could cut its Russian gas imports by an estimated 100bcm by the end of this…

Read more

Gas, coal retreat amid sanctions dithering

(Montel) Gas and coal dropped sharply on Tuesday amid indications that Europe would avoid sanctions on Russian energy…

Read more

Gas pulls back after early spike on Russia threat

(Montel) European gas contracts were falling on Tuesday after spiking at the market open on a threat from…

Read more

Germany sees no scope for nuclear extensions

(Montel) Germany’s economy and environment ministries recommended on Tuesday against extending the lifespans of the country’s three…

Read more

Italy to wean itself off Russian gas by 2025 – minister

(Montel) Italy should become fully independent from Russian gas by 2025 as the government works to diversify its…

Read more

German power curve hits new high as energy supply fears grow

(Montel) Benchmark German power prices rose to a fresh record high on Tuesday, as markets nervously awaited…

Read more

Shell to halt Russian spot oil purchases, withdraw from gas

(Montel) Shell will halt all spot purchases of Russian crude oil and begin a “phased withdrawal” from gas…

Read more

German spot power set to top EUR 400 again for Wednesday

(Montel) German day-ahead power looked set for prices in excess of an eyewatering EUR 400/MWh a day…

Read more

Coal, nuclear can help speed switch from Russian gas – EC

(Montel) Using coal and nuclear for longer could help the EU reduce its dependence on Russian gas more…

Read more

New minister says Norway needs more green energy

(Montel) Norway must build more renewable power generation to remain a competitive location for power intensive industries, said…

Read more

EU gas suppliers to focus on storage amid record prices

(Montel) EU gas suppliers are acutely aware of the need to act on high consumer prices and are…

Read more

Uniper writes down EUR 1bn in NS2, commits to gas imports

(Montel) German utility Uniper will write down its near EUR 1bn stake in the Russian-backed Nord Stream 2…

Read more

Oil prices remain elevated as US continues to mull ban

(Montel) Oil prices remained elevated on Tuesday but off prior 13-years highs as the US continued to mull…

Read more

Russia threatens to cut off gas in retaliation for oil ban

(Montel) Russia has threatened to cut off gas supplies to Europe if the West bans oil imports from…

Read more

Gas contracts retreat amid profit-taking

(Montel) European gas contracts surged to record highs on Monday but saw a sell-off in the afternoon…

Read more

No energy sanctions on Russia – Rutte

(Montel) Europe does not plan to impose sanctions on Russian energy exports for fear of risking security of…

Read more

Rotterdam still allowing Russian coal, but arrivals to slow

(Montel) Europe’s largest port is still allowing deliveries of Russian coal, but sources close to the hub anticipate…

Read more

Surging fuels catapult German spot power to historic peak

(Montel) German power spot prices leapt to a new record high on Monday driven by surging gas and…

Read more

Nordic hourly spot prices hit record highs

(Montel) Hourly spot power prices in southern parts of Scandinavia hit record highs for Tuesday amid strong European…

Read more

Coal market eyes new price highs

(Montel) European coal prices look set to make further gains this week, after hitting a new high of…

Read more

French Storengy fails to sell storage amid high gas prices

(Montel) France’s Storengy failed to sell all its remaining winter gas storage capacity at extended auctions last week,…

Read more

LNG imports fall 18% to 2.5bcm last week

(Montel) Seaborne LNG deliveries to European destinations, including Turkey, fell 18% last week to 2.5bcm, with another 33…

Read more

German April power hits record EUR 675/MWh on supply fears

(Montel) German April power soared to a record EUR 675/MWh on Monday morning amid fears of a western…

Read more

German spot power eyes record amid spiralling fuel prices

(Montel) German day-ahead power prices looked set to rise to a fresh record on Monday amid skyrocketing fuel…

Read more

EU faces “extreme scenario” without Russian gas – Engie boss

(Montel) Europe faces an “extreme scenario” if the region halts Russian gas flows amid the war in Ukraine,…

Read more

European coal hits USD 500 on disruption concerns

(Montel) European coal prices hit record highs of USD 500/t in early Monday trading amid concerns of tightening…

Read more

Carbon tumbles as panic sends gas market soaring

(Montel) European carbon prices tumbled on Monday morning as a fear of energy sanctions on Russia sent…

Read more

Disruption fears drive gas up over EUR 140 to new highs

(Montel) Front month TTF gas prices surged over EUR 140 to new record highs in early Monday trading,…

Read more

Denmark pledges independence of Russian gas

(Montel) The Danish government has agreed with main opposition parties to become independent from Russian gas imports amid…

Read more

Russian gas flows remain elevated this morning

(Montel) Russian gas exports to northwestern Europe were up marginally on the week on Monday morning as…

Read more

TotalEnergies to remain invested in Russia – report

(Montel) French energy major TotalEnergies has no plans to exit its Russian businesses unless forced to do…

Read more

UK MPs call for more floating wind, shale gas U-turn

(Montel) A group of UK MPs have called on the government to boost the country’s targets for floating…

Read more

German minister warns against energy sanctions on Russia

(Montel) An immediate halt to oil and gas imports from Russia would jeopardise security of supply in Europe…

Read more

Oil spikes 10% as US, allies may ban Russian crude

(Montel) Oil spiked 10% to its highest point since 2008 on Monday amid comments from the US it…

Read more

RWE, KFW bank, Gasunie sign deal for German LNG teminal

(Montel) Germany’s state-owned KFW bank, utility RWE and gas TSO Gasunie have signed a memorandum of understanding to…

Read more

Bavaria mulls restart of 1.3 GW reactor amid crisis

(Montel) The German state of Bavaria is mulling the restart of the decommissioned Gundremmingen C nuclear power plant…

Read more

Gas hits highs as war compounds supply concerns

(Montel) European gas contracts soared to fresh record highs on Friday afternoon as Russia’s ongoing war in Ukraine…

Read more

Italy regasification capacity no substitute for Russia halt

(Montel) Italy’s current regasification capacity would be insufficient to handle an increase in LNG deliveries should the country…

Read more

Gascade frees up grid capacity for more LNG

(Montel) German gas grid operator Gascade has increased injection capacity from the Netherlands and Belgium in anticipation…

Read more

PGNiG schedules record 0.5bcm LNG to Poland in March

(Montel) Poland's gas monopoly PGNiG has contracted 5 LNG carriers to the country this month, equivalent to a…

Read more

Latvenergo buys 2 TWh gas from Norway, US, Qatar

(Montel) Latvian energy group Latvenergo has bought 2 TWh of LNG from Norway, the US and Qatar to…

Read more

Cold to put energy system under "unprecedented” strain

(Montel) Europe is facing the coldest period since December, which should boost gas demand for heating as prices…

Read more

German coalition backs Habeck opposition to energy sanctions

(Montel) The German economy minister’s opposition to extending sanctions on Russia to the country’s energy exports enjoyed…

Read more

Carbon price volatility to persist as war rocks markets

(Montel) European carbon prices were climbing on Friday but set to remain highly volatile in the coming days…

Read more

France faces serious hurdles to replace Russia gas – experts

(Montel) France could replace its 100 TWh/year of Russian gas imports with LNG, biogas, and hydrogen but it…

Read more

Coal prices resume upward surge to USD 400/t

(Montel) European coal prices resumed their upward surge in early Friday trading amid overriding supply concerns, with prompt…

Read more

Nordic power front rises on stronger fuel, German prices

(Montel) Nordic power futures continued to rise on Friday morning on the back of stronger fuel and German…

Read more

UK should exploit own gas supply more – parliamentary panel

(Montel) The UK government should boost exploitation of the country’s domestic natural gas resources to ensure security of…

Read more

German spot power eyes record amid fuel surge, low wind

(Montel) German spot power prices looked set to jump over 40% to record levels next week amid…

Read more

Russia seizes Europe's biggest nuclear plant

(Montel) Russian troops captured Zaporizhzhia, Europe's biggest nuclear power plant (5.7 GW), in southeast Ukraine on Friday morning…

Read more

Crude climbs amid Ukraine conflict supply concerns

(Montel) Crude oil gained early on Friday on ongoing supply worries as traders avoided buying Russian oil products…

Read more

EC to propose EU gas storage measures next week

(Montel) The European Commission will propose gas storage measures next week to help mitigate the impact of any…

Read more

Energy prices ease after spiking to record highs

(Montel) European coal, power and gas prices eased in Thursday afternoon trading after surging to new highs earlier…

Read more

War shows EU needs higher, 45% renewables 2030 target – MEP

(Montel) Russia’s war with Ukraine shows the EU needs a higher, 45% renewables target for 2030 to reduce…

Read more

Front-month gas hits record high in supply fears

(Montel) The European benchmark gas contract soared to a record high on Thursday morning amid fears that Russia’s…

Read more

Coal nosedives from record highs

(Montel) European coal prices hit fresh record highs early on Thursday, as global efforts to replace Russian supplies…

Read more

German April power leaps to record high EUR 400

(Montel) German April power prices leapt to a record high EUR 400/MWh earlier on Thursday as gas supply…

Read more

GO prices ease across the board on increased supplies

(Montel) Guarantees of origin (GO) prices for all production years have edged lower in the week to Thursday,…

Read more

Russian LNG struggles to find buyers – experts

(Montel) Russian LNG cargoes are struggling to find buyers, with vessels diverted to alternative destinations, offering discounts or…

Read more

Polish utility offers to launch 1.3 GW Ukraine-Poland link

(Montel) Polish utility Ze Pak has offered to modernise and re-launch an idle 1.3 GW power link between…

Read more

Fortum halts new Russian investments

(Montel) Finnish utility Fortum has stopped all new investment projects in Russia until further notice, it said on…

Read more

German spot power to rise on gas, colder outlook

(Montel) German day-ahead power looked set to rise 11% on Thursday, as jumping gas costs and forecasts…

Read more

Fortum hedges half of 2023 output at EUR 31/MWh

(Montel) Finnish utility Fortum hedged half its expected power output for 2023 by the end of last year…

Read more

Nord Stream 2 exit would cost Engie near EUR 1bn

(Montel) French utility Engie would lose EUR 987m if it pulled out of the Nord Stream 2 gas…

Read more

Crude hits nine-year high on Ukraine war supply worries

(Montel) Crude oil hit a nine-year high early on Thursday on uneasiness about the supply fallout of Russia’s…

Read more

Wintershall writes off EUR 1bn investment in Nord Stream 2

(Montel) German energy company Wintershall Dea said it is writing off its investment of about EUR 1bn in…

Read more

Fuels spike as market scrambles for supply

(Montel) European fuel prices spiked to fresh record highs on Wednesday as buyers scrambled to secure supply and…

Read more

Baltic TSOs to cut Russia power import capacity by 80%

(Montel) The Latvian, Lithuanian and Estonian TSOs will cut power imports from Russia by around 80% from maximum…

Read more

Nordic April, Q2 power spiral to high on fuels surge

(Montel) Nordic power futures spiralled to record highs on Wednesday amid skyrocketing fuels prices on the back…

Read more

Carbon dives to 19-week low of EUR 55/t

(Montel) European carbon prices crashed on Wednesday to a 19-week low, as speculators and Russian entities continued to…

Read more

Spain extends emergency energy measures amid Ukraine crisis

(Montel) Spain has extended emergency measures to tackle spiralling energy prices amid the impact of the Russia-Ukraine…

Read more

Coal skyrockets USD 80 to new multi-year highs

(Montel) European coal prices soared nearly 30% to fresh multi-year highs in early Wednesday trading as buyers shunned…

Read more

European gas surges 50% to record high near EUR 200

(Montel) European gas prices surged on Wednesday morning to a record high of almost EUR 200/MWh as…

Read more

UK TSO seeks clarity on blocking Russian LNG imports

(Montel) UK TSO National Grid is seeking clarity from the UK government on whether to block cargoes of…

Read more

ExxonMobil to discontinue Russian operations, investments

(Montel) US energy firm ExxonMobil will discontinue operations at Russia’s Sakhalin 1 oil field and make no new…

Read more

German spot power eyes 5-week high

(Montel) German day-ahead power prices looked set to reach their highest levels in five weeks on Wednesday…

Read more

Oil prices jump to near 8-year highs on supply fears

(Montel) Oil prices rose to near eight-year highs as the International Energy Agency’s (IEA) decision to release 60m…

Read more

OMV considers Nord Stream 2 exit

(Montel) Austrian oil and gas company OMV is considering abandoning its financial investment in the Russian-backed gas pipeline…

Read more

France faces high gas prices without Russian flow – analysts

(Montel) France faces “stratospheric” prices for its gas supply if Russian flows are cut off and the country…

Read more

Surging coal underpins jittery gas market

(Montel) Coal prices on Tuesday soared to their highest levels in many years as buyers feared widespread disruption,…

Read more

German power surges on fears of gas supply loss

(Montel) German power contracts surged amid higher gas prices on Tuesday, as the market still feared a…

Read more

Finland could cope without Russian power supplies – TSO

(Montel) Finland’s power supply would be secure even if Russia halted exports to its neighbouring country due to…

Read more

Gas prices gain on Russian LNG supply fears

(Montel) European gas prices extended gains on Tuesday amid concerns about Russian LNG arrivals and fuel shortages,…

Read more

Carbon prices fall 4% to 6-week low

(Montel) European carbon prices plunged 4% to a six-week low on Tuesday, pressured by continued financial entities liquidation…

Read more

German energy traders shun Gazprom deals on sanction fears

(Montel) At least three small German utilities are shunning new deals with Gazprom’s trading arm in London, sources…

Read more

Coal surges to multi-year highs as buyers snub Russia

(Montel) European coal prices on Tuesday soared nearly USD 50 to their highest levels for at least 16…

Read more

EU LNG arrivals to rise despite Russia concerns – experts

(Montel) European LNG vessel arrivals are set to rise over the next four weeks following an end to…

Read more

Nordic power extends gains on higher fuels, cold spell

(Montel) Nordic power futures continued to climb on Tuesday amid stronger European fuels prices, exacerbated by fears…

Read more

TotalEnergies to halt investment for new projects in Russia

(Montel) TotalEnergies will “no longer provide capital for new projects in Russia” in the wake of the Russian…

Read more

Italy may cut gas use by power plants on supply concerns

(Montel) Italy may curb gas consumption in power plants as part of new preventive measures approved late on…

Read more

EU prepared for Russia gas cuts, can survive winter – Simson

(Montel) The EU is prepared for Russia to cut gas supplies in response to sanctions and can get…

Read more

German spot power eyes 16% rise as wind slumps

(Montel) German day-ahead power prices looked set to gain around 16%, or around EUR 39, on Tuesday…

Read more

Finland’s Neste replaces Russian crude with alternatives

(Montel) Finnish oil major Neste is replacing Russian crude oil with alternatives, such as North Sea oil, at…

Read more

EU needs more gas links, must end Russia reliance – Spain

(Montel) The EU should speed up the development of gas pipelines, including a new conduit linking Spain…

Read more

Oil prices remain elevated as Russian sanctions bite

(Montel) Oil prices remained elevated on Tuesday as the crisis in Ukraine showed no sign of ending –…

Read more

Shell exits joint LNG, NS2 projects with Gazprom

(Montel) Energy giant Shell will exit its joint ventures with Russia’s Gazprom, including its involvement with the Nord…

Read more

Berlin faces energy policy overhaul due to Russia rift

(Montel) Russia’s invasion of Ukraine has shattered German policy assumptions and forced a sweeping revision of parties’…

Read more

EC plans joint gas buying move to fill storage before winter

(Montel) The European Commission plans a strategic joint gas buying pilot to fill storage ahead of next winter,…

Read more

Energy complex mixed as market tracks Ukraine

(Montel) European gas prices trimmed robust gains from earlier in the day, while coal kept rising and CO2…

Read more

EC to offer guidance on taxing windfall profits

(Montel) The European Commission plans to offer guidance on taxing windfall profits in the power sector created by…

Read more

EC wants more public, detailed carbon market data

(Montel) The European Commission wants more public, detailed data on trading carbon emission allowances and their derivatives to…

Read more

German power curve gains on fears about energy flows

(Montel) German power curve prices gained on Monday, as Russia’s attack on Ukraine continued to heighten market fears…

Read more

Nuclear investors urge Dutch to commit to new plants

(Montel) Potential investors in new Dutch nuclear plants are calling on the government to prove it is serious…

Read more

EDF sees 1,330 reactor outage extension days in 2021

(Montel) EDF extended planned outages at its 56 French nuclear reactors by a total of 1,330 days last…

Read more

Germany to target carbon neutrality in power mix by 2035

(Montel) The German government aims to reach carbon neutrality in the country’s power mix by 2035, effectively ending…

Read more

Coal prices jump 20% amid conflict fears

(Montel) European coal prices jumped sharply in early Monday trading, driven by initial gains in the gas markets…

Read more

Spain power spot, forwards extend gains on higher gas

(Montel) Spanish power spot and futures prices were set for further gains this week, as gas prices…

Read more

Gas surges EUR 30 as war in Ukraine persists

(Montel) Front-month gas prices on Europe’s benchmark Dutch TTF hub soared more than EUR 30 on Monday…

Read more

Russia gas payments can continue despite sanctions – Germany

(Montel) Payments for Russian gas will continue despite tighter western sanctions at the weekend that selectively target…

Read more

EU to seek Ukraine-Europe grid synchronization

(Montel) EU energy commissioner Kadri Simson will ask European energy ministers later on Monday to support emergency synchronization…

Read more

Gazprom plans no gas auctions to EU this week

(Montel) Gazprom plans no sales of gas to European customers via its electronic sales platform for the 23rd…

Read more

Carbon slumps following weekend’s tighter Russia sanctions

(Montel) European carbon prices slumped EUR 6 on Monday after Western nations stiffened their sanctions against Russia’s…

Read more

Nordic prices surge to record on fuel rally, drier outlook

(Montel) The Nordic Q2 contract jumped more than EUR 6 to a year high on Monday, while the…

Read more

No immediate threat to Danish gas supply – agency

(Montel) There is no immediate threat to Danish gas supply despite Russia’s invasion of Ukraine continuing unabated, said…

Read more

German spot power to rise 20% as wind, solar output drops

(Montel) German day-ahead power prices looked set to rise around EUR 42 on Monday, as forecasts indicated a…

Read more

EU gas prices spike 35% as Russian onslaught persists

(Montel) European gas prices surged over 35% in early Monday trading as Russia continued its invasion of Ukraine,…

Read more

EU energy ministers to hold emergency meeting

(Montel) EU energy ministers will hold an emergency meeting later today on concerns energy supplies will be disrupted…

Read more

Oil exceeds USD 100 on supply fears as crisis intensifies

(Montel) Oil prices exceeded USD 100/bbl and hit a 7.5-year high on Monday as the Ukraine crisis intensified,…

Read more

BP exits stake in Rosneft due to Russian “aggression”

(Montel) BP will exit its 19.75% stake in Russian state-owned oil firm Rosneft, due to Russia’s continuing attack…

Read more

Italy to incentivise early filling of gas storage sites

(Montel) Italy is considering “exceptional” measures to incentivise gas storage replenishment, it said on Saturday amid the ongoing…

Read more

Long-term gas rise may lift German power to EUR 160 – expert

(Montel) Gas prices rising in the long run amid Russia’s invasion of Ukraine and supply uncertainty could drive…

Read more

German power prices plummet on higher Russian gas flows

(Montel) German power prices fell sharply on Friday, as Russian gas deliveries to western Europe increased despite the…

Read more

CO2 prices stabilise after rout as sanction fears ease

(Montel) European carbon prices stabilised on Friday and stood only slightly lower on the week as energy…

Read more

Gas prices slump after rise on supply uneasiness

(Montel) European gas prices slumped on Friday in the wake of buying in the previous session on supply…

Read more

Nordic front power tumbles EUR 9 on gas price correction

(Montel) Nordic front-month power plummeted EUR 9 on Friday amid a sharp downward correction in the European…

Read more

Russian gas flows rise 7% despite Ukraine invasion

(Montel) Russian gas exports to northwestern Europe were up 7% on Friday morning despite the country’s invasion…

Read more

Norway gas TSO prepares for possible Russian cyber-attack

(Montel) Norwegian gas TSO Gassco has warned of the potential for cyber-attacks following the escalating conflict between Russia…

Read more

German spot power to double on less wind, fuel surge

(Montel) German spot power prices were on course to double next week amid reduced wind generation and…

Read more

EU targets Russia’s oil refineries in new sanctions

(Montel) EU leaders have agreed to widen sanctions on Russia for invading Ukraine to include an export ban…

Read more

Crude oil climbs amid Russian supply uncertainty

(Montel) Crude oil was higher early on Friday, as uncertainty about potential disruptions in Russian oil supplies and…

Read more

Nord Stream 2 gas pipeline is “dead” – analysts

(Montel) The controversial Nord Stream 2 pipeline is unlikely to go ahead in light of Russia’s decision…

Read more

Energy prices soar across board on Ukraine invasion

(Montel) Energy prices soared on Russia’s full-scale invasion of Ukraine on Thursday as markets weighed the possible…

Read more

German energy supply secure but action required – minister

(Montel) Germany’s energy supply is secure for the winter with sufficient reserves, though the country would implement…

Read more

Key Russian Black Sea coal terminal “operating as usual”

(Montel) Russia’s main southwestern coal export terminal at Taman has not been affected by the conflict in nearby…

Read more

Coal prices spike by a quarter on supply fears

(Montel) European coal prices spiked by around 26% to more than four-month highs in Thursday trading on fears…

Read more

German power curve hits record highs on supply uncertainty

(Montel) The German power curve jumped on Thursday on fuel supply uncertainty after Russia attacked Ukraine, with some…

Read more

Ukraine crisis poses “major risk” to 1.2 GW Finnish reactor

(Montel) The Russian invasion of Ukraine poses a “major risk” to the 1.2 GW Hanhikivi 1 project, Finnish…

Read more

EU gas storage refill ahead of winter “could cost EUR 80bn”

(Montel) Filling EU gas storage facilities ahead of winter in the event of a full curtailment of Russian…

Read more

Gas prices hit 2-month high on Russia supply concerns

(Montel) European gas contracts soared to two-month highs on Thursday, as a full-scale Russia invasion of Ukraine…

Read more

EU expects robust LNG imports on weak Russia flows – experts

(Montel) Robust LNG imports so far this year will likely persist into summer, with Russian flows likely to…

Read more

Russia unlikely to halt gas flows to Europe – analysts

(Montel) Russia is unlikely to halt gas exports to Europe in the wake of its invasion of Ukraine,…

Read more

Ukraine severs power links with Russia, Belarus

(Montel) Ukraine has disconnected its power grid with Russia and Belarus following Russian military action on its territory,…

Read more

Nordic power prices jump on fuel gains amid Ukraine attack

(Montel) Nordic power prices soared early on Thursday, as the Russian invasion of Ukraine sent German power and…

Read more

Russian military action might delay 1.2 GW Finnish reactor

(Montel) Construction of nuclear developer Fennovoima’s 1.2 GW Finland plant could be delayed if Russian military action and…

Read more

No “quick fix” to boost Norway gas exports to EU – Equinor

(Montel) Norway is already exporting gas at maximum capacity to the EU and there is no “quick fix”…

Read more

German power curve jumps EUR 20 on invasion, spot eases

(Montel) German benchmark power prices soared EUR 20 as fuel prices jumped on Russia’s invasion of Ukraine…

Read more

EU in urgent talks on more severe Russia sanctions

(Montel) EU leaders will discuss further sanctions against Russia for its military incursion into Ukraine at a hastily…

Read more

Gas, power, coal prices soar as Russia invades Ukraine

(Montel) European gas, power and coal prices soared – with gas up as much as 40% to around…

Read more

Russian gas flows rise 10% despite attack on Ukraine

(Montel) Gas flows from Russia via two key conduits rose by around 10% on the day, system operator…

Read more

US sanctions Nord Stream 2 developer

(Montel) The US has imposed sanctions on Nord Stream 2 AG, the company developing Russia’s pipeline to…

Read more

Crude prices top USD 100 on Russian invasion of Ukraine

(Montel) Crude oil soared past USD 100 for the first time since 2014 early on Thursday as Russia…

Read more

Norway, Spain to have lowest H2 costs by 2030 – Aurora

(Montel) Norway and Spain will see the lowest electrolysis costs of around EUR 3/kg for the production of…

Read more

Carbon, coal rise amid gas stock fears

(Montel) European carbon and coal prices rose on Wednesday to recent highs amid unease about the ripple effects…

Read more

Finland has enough gas even if Russia turns off taps – TSO

(Montel) There will be enough gas to supply the Finnish market even if Russia cuts off flows, TSO…

Read more

Colder outlook to lift German gas demand amid supply fears

(Montel) A colder weather outlook could lift German gas demand over the coming weeks, aggravating an already tight…

Read more

Norway, EU aligned in move away from gas – PM

(Montel) Norway and the EU are aligned in their understanding that unabated natural gas is a transitional energy…

Read more

German Cal 23 power hits record high on supply unease

(Montel) German power prices rose on Wednesday amid gas supply fears surrounding Russia-Ukraine tension and an illiquid market…

Read more

CO2 hits 2-week peak on potential for higher coal burn

(Montel) European carbon prices jumped to a two-week high above EUR 95/t on Wednesday in reaction to the…

Read more

Gas rally continues as market awaits clarity on Ukraine

(Montel) European forward gas prices extended their rally for a second day on Wednesday as “nervous” markets eyed…

Read more

Market interventions don’t work – Iberdrola CEO

(Montel) Market interventions to curb power prices do not work in the long run, the CEO of Spanish…

Read more

Coal jumps to 4-month high as supply concerns persist

(Montel) European coal prices surged to four-month highs in Wednesday trading, as Russia’s military presence in eastern Ukraine…

Read more

Nordic front-month power jumps near EUR 10 on fuels rally

(Montel) Nordic front-month power jumped nearly EUR 10 on Wednesday amid a continuing fuels rally on the…

Read more

Italy could run out of gas due to Russia crisis – analysts

(Montel) Italy would only have gas supplies to last a few weeks if Russia halted flows amid the…

Read more

German power to trade flat as demand offsets rising wind

(Montel) German day-ahead power prices looked set to remain flat on Wednesday as rising wind power generation…

Read more

Sanctions could hit Uniper’s Russian business

(Montel) International sanctions targeting Russia could also impact German utility Uniper’s Russian business interests, including its subsidiary…

Read more

EC backs Nord Stream 2 delay, urges switch from Russian gas

(Montel) Germany is right to reassess if Russia’s 55bcm/year Nord Stream 2 gas link project is required, said…

Read more

Berlin could still cancel Nord Stream 2 – minister

(Montel) Berlin could still cancel the contested Nord Stream 2 pipeline project, after freezing the certification process on…

Read more

Russia threat drives up energy complex

(Montel) European energy prices rose sharply in Tuesday trading after Russia’s military incursion into eastern Ukraine triggered fears…

Read more

Europe utilities prepare for disrupted Russia gas – Eurasia

(Montel) European utilities are preparing for likely disruptions to Russian piped gas supply due to infrastructure damage or…

Read more

Analysts shrug off impact of NS2 halt on gas supply

(Montel) European energy analysts on Tuesday broadly downplayed any potential impact to Russian gas supply in light of…

Read more

EU to impose limited sanctions on Russia

(Montel) The EU will table sanctions against Russian entities later on Tuesday that largely focus on breakaway…

Read more

“We must be prepared for Russia gas flow halt” – Swedish MEP

(Montel) Europe must be prepared for an interruption of Russian gas flows due to the current crisis in…

Read more

LNG imports sink 28% to 2.6bcm last week

(Montel) Seaborne LNG deliveries to European destinations, including Turkey, sank 28% last week to 2.6bcm, though another 44…

Read more

Gas prices spiral on NS2 halt, Russia-Ukraine escalation

(Montel) European front-month gas prices spiralled near EUR 10 on Tuesday as Germany halted the approval process of…

Read more

Scholz halts certification of Nord Stream 2 gas pipeline

(Montel) German chancellor Olaf Scholz has ordered a halt to the certification of the Nord Stream 2 gas…

Read more

Nordic power front jumps EUR 4 on drier outlook

(Montel) Nordic power futures rose sharply on Tuesday morning in response to drier forecasts and higher fuel prices…

Read more

EU coal jumps USD 14 as Ukraine crisis stokes supply fears

(Montel) European front-month coal prices jumped 8%, or nearly USD 14, in early Tuesday trading as reports of…

Read more

Spain gas supply solid amid Ukraine crisis – Enagas

(Montel) Spain was in a “slightly better position” than the rest of Europe regarding security of gas supply…

Read more

Russian gas flows unaffected by conflict – Refinitiv

(Montel) Russian gas exports to northwestern Europe along two key conduits were little changed early Tuesday, with flows…

Read more

Energy spikes on reports of Russian troops entering Ukraine

(Montel) European energy prices spiked on Tuesday on reports of Russian troops entering eastern Ukraine, raising the threat…

Read more

German spot power set for 9% jump on lower wind output

(Montel) German day-ahead power prices looked set to rise around 12%, or EUR 15, on Tuesday as forecasts…

Read more

Oil hits 7-year high as Putin orders troops into Ukraine

(Montel) Brent crude oil prices hit a seven-year high on Tuesday as war came a step closer with…

Read more

CO2 rises on strong auction, compliance buying

(Montel) European carbon prices climbed on Monday amid support from a strong allowance auction, solid compliance buying and…

Read more

EC to consider compulsory gas reserve levels – commissioner

(Montel) The European Commission will assess if the bloc needs to establish compulsory levels for gas storage ahead…

Read more

German power gains on Russia-Ukraine tension, stronger CO2

(Montel) German power contracts gained on Monday amid ongoing Russia-Ukraine tension and a stronger carbon market.…

Read more

Nordic Elcerts finance 53 TWh at closure, exceed target

(Montel) The joint Swedish-Norwegian Elcert scheme for financing new renewables output contributed to 53.3 TWh by its closure…

Read more

Spanish spot power to rebound on less wind

(Montel) Spanish spot power prices looked poised to rebound around EUR 8 this week amid lower wind…

Read more

Delayed coal supplies underpin prices

(Montel) European coal prices rose in early Monday trading, with the prompt contract this week likely to draw…

Read more

Storms continue to impact EU coal import operations

(Montel) Storms have impacted operations at northwest Europe’s largest coal import hubs in the Netherlands and Belgium since…

Read more

Europe and Asia may see LNG “price war” in Q2 – analysts

(Montel) Rising Asian LNG restocking demand at a time of below-normal Russian pipeline supply into Europe could lead…

Read more

March gas drops EUR 1 on higher Norway flows, strong wind

(Montel) Front-month gas prices on Europe’s benchmark Dutch TTF hub fell EUR 1 on Monday amid rebounding…

Read more

Nordic front power softens as wet, mild outlook persists

(Montel) Nordic front power contracts edged down on Monday amid a continuous wet and mild outlook. …

Read more

Europe able to cope with tight winter gas market – EC

(Montel) The EU should be able to cope with a tight gas market this winter despite reduced supply,…

Read more

German spot power to surge EUR 50 as record wind declines

(Montel) German day-ahead power prices looked set to surge over 60%, or almost EUR 50, on Monday…

Read more

Uniper extends outages at storm-hit 1.4 GW UK plant

(Montel) Uniper has extended unplanned outages at its 1.4 GW gas-fired plant in southeast England, with one unit…

Read more

Crude oil falls on proposed Biden-Putin summit

(Montel) Crude oil was falling on Monday as US president Joe Biden and Russian counterpart Vladimir Putin had…

Read more

RWE, Uniper launch EUR 4bn lawsuit over fossil fuel exit

(Montel) Several European energy firms, including RWE, Uniper and Rockhopper, are suing four governments for EUR 4bn over…

Read more

Coal prices drop to near three-week low

(Montel) European front-month coal prices fell to near three-week lows on Friday as a milder weather outlook and…

Read more

EDP eyes 25% drop in hydropower output amid drought

(Montel) Portuguese utility EDP expects its annual hydropower output to drop by 2 TWh, or 25%, this…

Read more

Gas storage to end winter above 2018 low – analysts

(Montel) Europe is likely to exit winter with especially low gas inventories, but they are still likely…

Read more

Russian “blockade” threatens Ukraine’s coal imports

(Montel) Russian naval drills in the Black Sea threaten to further hamper Ukraine’s coal imports, with rail deliveries…

Read more

Spain hydro unlikely to ease power on “extreme” drought – EQ

(Montel) Spain’s power market was unlikely to see pressure from hydropower output in Q2, as the country has…

Read more

Italy’s January power demand rises 2% to 27 TWh

(Montel) Power demand in Italy rose nearly 2% year on year to 27.47 TWh in January, TSO Terna…

Read more

German March power sheds nearly EUR 6 on windy, mild outlook

(Montel) German front-month power fell on Friday as the latest weather forecasts showed the current mild and windy…

Read more

EUAs face pressure from weaker sentiment

(Montel) European carbon prices rebounded on Friday but remained sharply lower on the week as reports of…

Read more

EDF plans EUR 2.5bn capital increase, sees 90% trading gain

(Montel) French utility EDF plans to increase its capital by EUR 2.5bn to help the company cope with…

Read more

Nordic power rises amid drier, cooler weather outlook

(Montel) Nordic front power contracts were trading higher on Friday morning amid a drier and slightly cooler weather…

Read more

France extends biggest 3 GW hydropower concession to 2041

(Montel) France will extend to 2041 the country’s biggest 3 GW hydropower concession on the Rhone River after…

Read more

Germany set for mild, windy weather until mid-March

(Montel) Mild and windy weather would persist in Germany over the next four weeks, with wind generation levels…

Read more

Eni 2021 renewable capacity triples, energy output doubles

(Montel) Italian energy company Eni more than tripled its installed renewable capacity in 2021 year on year, and…

Read more

German spot power to rise next week as wind dips

(Montel) German spot power prices looked set to gain next week, as recent high wind output was…

Read more

Crude prices fall on optimism about more Iranian oil

(Montel) Crude oil was lower early on Friday on optimism about increased Iranian oil exports as talks moved…

Read more

Power CEOs warn against changing market rules

(Montel) Changing market rules to mitigate current high power prices would have damaging long-term impacts on the EU’s…

Read more

EDP installs “record” 2.6 GW green capacity in 2021

(Montel) Portuguese utility EDP added a company record of annual installed solar and wind capacity of 2.6…

Read more

France launches call for biomass projects to replace coal

(Montel) France has launched a call for “expressions of interest” aimed at identifying and supporting projects to replace…

Read more

Carbon hits 3-week low on allowance concern

(Montel) European carbon prices plunged to a three-week low on Thursday amid concerns that some countries may have…

Read more

RWE dominates German power market – cartel office

(Montel) RWE last year gained a “market dominant position” in Germany as the country crossed a threshold…

Read more

Italy sees surge in demand for renewable links to grid

(Montel) The number of requests to connect renewable plants to the Italian electricity network have grown a “remarkable”…

Read more

German power rises on Russia-Ukraine, Nord Stream 2 unease

(Montel) German power contracts for the rest of the year rose on Thursday amid lingering fears that…

Read more

Carbon slips on price control plans

(Montel) Carbon prices eased further on Thursday as details of a key European parliamentarian’s plans to rein…

Read more

Endesa signs 110 GWh PPA for all brewer Mahou’s energy needs

(Montel) Spanish utility Endesa has signed a 10-year power purchase agreement (PPA) with brewer Mahou, for the…

Read more

OTC gas trading volumes drop 34% in January – Leba

(Montel) Traded gas volumes in European brokered markets slumped 34% year on year in January, led by a…

Read more

UK LNG arrivals slide 14% in first half of February

(Montel) UK LNG arrivals in the first half of February declined 14% versus the same period last month,…

Read more

Gas prices jump as Russian impasse persists

(Montel) European gas climbed more than EUR 5 amid a continued impasse between the West and Russia over…

Read more

Spain’s LNG re-exports accelerate amid volatile market

(Montel) Volatile arbitrage windows have encouraged “opportunistic” Spanish companies to re-export LNG to northwest Europe and Asia, with…

Read more

RWE sees higher power generation margins in 2022

(Montel) German utility RWE has revised up its outlook for power generation margins this year, amid tight supply…

Read more

Nordic power rises despite mild outlook on stronger fuels

(Montel) Nordic power futures rose slightly on Thursday despite a mild outlook due to stronger fuels prices, which…

Read more

MEP Liese proposes stronger carbon price control

(Montel) The EU’s carbon market would have a stronger price control mechanism and annual reviews by the EU’s…

Read more

Asia-Pacific coal prices slip, but supply still tight

(Montel) Asia-Pacific benchmark coal prices weakened nearly 5% this week as Chinese stock levels grew, but still-tight seaborne…

Read more

German spot power to lift off lows on less wind

(Montel) German day-ahead power prices looked set to jump from their lowest weekday levels this year on…

Read more

Statkraft trading unit posts loss of EUR 430m on volatility

(Montel) The trading arm of Statkraft, Norway’s largest power producer, posted an operating loss of NOK 4.3bn…

Read more

Ilmatar plans 300 MW wind farm in Finland

(Montel) Finnish renewable energy developer Ilmatar wants to build an onshore wind farm in northern Finland with up…

Read more

Oil prices soften as Iran nuclear talks progress

(Montel) Oil prices traded lower early on Thursday amid reports of progress in talks in Vienna to revive…

Read more

Germany sees new wind record above 47 GW

(Montel) German wind power generation set a new record of 47,119 MW on Wednesday between 20:45-21:00 CET, according…

Read more

Italy to unveil more energy cost curbs next week – Draghi

(Montel) Italy will unveil additional measures to tackle the impact of rising energy prices next week to reduce…

Read more

EU too reliant on Russian gas, needs to diversify – Nato

(Montel) Europe has become too reliant on Russian gas and needs to diversify its energy supplies, Nato secretary…

Read more

German power prices firm amid jittery energy complex

(Montel) Germany’s benchmark power contract gained slightly on Wednesday amid a jittery energy complex as the market remained…

Read more

Lower flows spur gas gains despite less Ukraine unease

(Montel) European gas prices recovered from a six-week low on Wednesday morning, as lower pipeline flows offset…

Read more

Nordic power trades flat as wet, mild outlook persists

(Montel) Nordic power contracts were trading flat on Wednesday on persistent wet and mild weather forecasts.…

Read more

ASE receives EUR 400m funding for 2 GW solar capacity

(Montel) Ampyr Solar Europe (ASE) has received EUR 400m in funding to develop 2 GW of solar capacity…

Read more

EDF Renewables Ireland plans 50 MW Irish onshore wind farm

(Montel) EDF Renewables Ireland is planning to build a 50 MW wind farm in Ireland’s mid-west region that…

Read more

Colombia doubles coal exports to EU amid Russia shortfall

(Montel) Colombia has more than doubled thermal coal exports to northwest Europe so far this year, versus…

Read more

Polish power output rises 4.7% in January – TSO

(Montel) Polish power output rose 4.7% year on year to 16.1 TWh in January, TSO PSE said on…

Read more

Oil prices firm as Russia-Ukraine concerns remain

(Montel) Oil prices traded a shade firmer early on Wednesday, following a sell-off in the previous session after…

Read more

German spot power to shed 40% as wind may soar to record

(Montel) German day-ahead power looked set to plummet over 40% on Wednesday as stormy weather could boost…

Read more

EC must refrain from EU ETS intervention – lobby groups

(Montel) The European Commission must avoid intervening in the EU ETS until a full report on carbon market…

Read more

Russia open to post-2024 Ukraine gas transit – Putin

(Montel) Russia is willing to keep sending gas to Europe via Ukraine beyond the 2024 expiry of…

Read more

Coal, gas slip as Putin downplays war threat

(Montel) European coal and gas prices dropped further in late Tuesday trading amid some signs of easing…

Read more

Norway CCS scheme faces delays, cost overruns

(Montel) A plan to capture carbon emissions from a cement factory in Norway is running four months behind…

Read more

Norway’s Agder posts 9% rise in power output, record profit

(Montel) Southern Norwegian utility Agder Energi increased its power generation by 9% to 8.9 TWh last year, it…

Read more

Power demand responds more to prices than assumed – study

(Montel) Electricity demand responds more to price signals than commonly assumed, suggesting a wealth of untapped potential…

Read more

Germany may see record high wind as two storms near Europe

(Montel) Germany may see record high wind this week, with levels above 48 GW pressuring spot prices, as…

Read more

Easing Ukraine fears weigh on German power curve

(Montel) Benchmark German power prices were down 3% on Tuesday afternoon as fears of a Russian invasion…

Read more

Europe gas market to remain tight to spring 2023 – analysts

(Montel) European gas markets are set to remain tight until spring 2023 unless Russia increases its pipeline supplies,…

Read more

EU ban on Russian coal would leave “large hole” – WoodMac

(Montel) A blanket EU ban on Russian coal imports, in the event of a military conflict, would…

Read more

Axpo signs 22 MW Polish wind PPA

(Montel) Swiss utility Axpo has signed a nine-year power purchase agreement (PPA) with UK-headquartered Green Investment Group for…

Read more

Gas prices slump on reports Russia pulling back some troops

(Montel) European gas prices dropped on Tuesday amid media reports of a troop pullback from the Ukraine border…

Read more

Nordic power futures fall EUR 1.50 as German market slides

(Montel) Nordic power futures fell on Tuesday following a EUR 11 sell-off on German equivalents thanks to…

Read more

Engie trading arm’s results double in 2021 amid high prices

(Montel) Rising power prices last year helped French utility Engie’s trading arm, GEMS, achieve a more than…

Read more

EDF confirms new safety checks on French reactors

(Montel) French utility EDF will check auxiliary cooling circuits, or RRAs, at its 56 domestic reactors, it confirmed…

Read more

Sweden names 3 areas for 20-30 TWh annual offshore wind

(Montel) Sweden on Tuesday named three areas where it plans to develop 20-30 TWh of annual offshore wind…

Read more

Glencore to boost coal output 17% in 2022

(Montel) Anglo-Swiss trading and mining firm Glencore plans to raise coal production this year by 18m tonnes…

Read more

Polish SMR moves a step closer after deal finalised

(Montel) Polish miner KGHM has signed a deal with US firm NuScale Power to develop and build…

Read more

Everyone wants in on Spanish solar – Steag

(Montel) The Spanish renewables market is very attractive for investors and is “one of the most important…

Read more

Acer seeks more data to monitor intraday power trading

(Montel) Acer is seeking more data from power market operators to improve its ability to monitor trading in…

Read more

German spot power eyes 26% drop on higher wind output

(Montel) German day-ahead power prices looked set to fall around 26% on Tuesday as forecasts called for wind…

Read more

Oil falls but volatility remains on Russia-Ukraine tension

(Montel) Oil was falling on Tuesday as tension over a possible Russian invasion of Ukraine seemed to abate…

Read more

Falling CO2 defies bullish energy complex

(Montel) European carbon prices were falling on Monday amid ongoing concerns around market reform, and negative technical signals…

Read more

Hungary plans to launch GO market this summer

(Montel) Hungary plans to launch a guarantees of origin (GO) market platform by 1 July, said the country’s…

Read more

German power gains on French nuclear issues, strong gas

(Montel) German front-month power rose on Monday amid renewed concerns around French nuclear availability and on strength…

Read more

Ice disruptions still a concern for Baltic coal exporters

(Montel) Russian coal exporters to Europe may still face some ice-related disruptions to shipping in the Baltic…

Read more

Gas prices jump as Russia concerns aggravate supply woes

(Montel) European gas prices jumped more than EUR 10 earlier in volatile trading on Monday as growing fears…

Read more

US LNG to offer gas supply relief to Europe

(Montel) More than 30 US-origin LNG vessels were in transit to European destinations, offering some relief to concerns…

Read more

Nordic power front rises on gas gains due to Ukraine tension

(Montel) Nordic power futures rose on Monday, as increased fear of a war between Russia and Ukraine lifted…

Read more

New issue at EDF reactors could lead to more outages

(Montel) French utility EDF has uncovered a new potential safety issue affecting its reactors' circuits that could see…

Read more

Alpiq, Outokumpu sign 10-year 15 MW German PPA

(Montel) Swiss utility Alpiq and Finnish steel producer Outokumpu have signed a 10-year wind power purchase agreement (PPA)…

Read more

German spot power eyes jump as renewables drop

(Montel) German day-ahead power prices looked set to gain on Monday amid forecasts of lower renewable output.…

Read more

Crude prices rise on concern about Ukraine invasion

(Montel) Crude oil was higher early on Monday on uneasiness about possible cuts in oil supplies resulting from…

Read more

Mild outlook continues to curb energy complex

(Montel) European gas and carbon contracts recovered from losses early on Friday but remained under pressure as…

Read more

Vattenfall gets nod for UK offshore wind project (1.8 GW)

(Montel) Swedish power producer Vattenfall has been awarded planning consent from the UK government for the 1.8 GW…

Read more

German power market volatility hurts liquidity – experts

(Montel) Record recent European energy price swings have kept a lid on liquidity in the German power market…

Read more

SSAB’s Finnish power demand could rise to 3 TWh by 2030

(Montel) Swedish steelmaker SSAB is set to triple its power consumption in Finland to 3 TWh by 2030…

Read more

German Cal 23 power jumps EUR 5 on French nuclear concerns

(Montel) Germany’s benchmark power contract jumped more than EUR 5 on Friday after French utility EDF slashed its…

Read more

Intervention fears spur EUA volatility

(Montel) European carbon prices look set to face heightened volatility next week as calls for a price control…

Read more

Gas prices drop further as mild outlook weighs on demand

(Montel) European gas prices dropped for a second day, as a mild weather outlook and solid LNG intake…

Read more

Opec+ has “chronic underperformance” of supply targets – IEA

(Montel) Opec and its Russia-led partners have struggled to meet their agreed supply targets in recent months, contributing…

Read more

Acer to update intraday capacity rules by 13 April

(Montel) Acer is to decide on updated common rules for calculating long-term cross-zonal intraday capacity in the 13…

Read more

EDF slashes 2023 nuclear output target 12% to 300-330 TWh

(Montel) French utility EDF has slashed next year’s nuclear output target by 12%, or 40 TWh, to…

Read more

Carbon slumps below EUR 90/t on call for price control

(Montel) Europe’s benchmark carbon contract slumped below EUR 90/t on Friday, extending this week’s losses amid market concerns…

Read more

Crude prices fall on possible higher Iran exports

(Montel) Crude oil was lower early on Friday amid anticipation of possible increased Iran oil exports, as…

Read more

France to build up to 14 reactors, scraps closure plans

(Montel) France aims to build up to 14 nuclear reactors, while scrapping a plan to close 12…

Read more

Overly ambitious ETS would cause power price spike – MEP

(Montel) Adopting higher emission cuts in the ETS than proposed by the European Commission would raise power prices…

Read more

French nuclear cuts to affect power prices this spring – EQ

(Montel) Decades low French nuclear production targets will affect the European power market from spring onwards, with the…

Read more

Naturgy to split into generation, infrastructure arms

(Montel) Spanish utility Naturgy plans to split into separate arms, with one related to energy infrastructure and the…

Read more

MEP Liese urges strong CO2 price control mechanism

(Montel) The EU’s carbon market needs a stronger price control mechanism and more transparency, said the European Parliament’s…

Read more

Germany to free farmland for solar push

(Montel) Germany’s Green-led economy, environment and agriculture ministries have agreed proposals to relax restrictions on the deployment…

Read more

Oil demand on track to surpass pre-pandemic levels – Opec

(Montel) Global oil demand looked set to exceed pre-pandemic levels above 100m bbl/day this year, as major economies…

Read more

Front-month gas hits near 3-week low amid mild weather

(Montel) European front-month gas contracts fell slightly to their lowest level since 21 January as the market sought…

Read more

Supply chain issues could delay wind projects – Vestas

(Montel) Global supply chain instability could drive up costs in the wind power industry and potentially delay projects,…

Read more

S African coal unlikely to help offset Russian drop

(Montel) South Africa’s coal exports have risen this year but low stocks and insufficient higher grade material…

Read more

Nordic power drifts sideways as "no winter in sight"

(Montel) Nordic power futures were trading sideways on Thursday as the wet and mild weather was set to…

Read more

TotalEnergies’ LNG sales, profits soar on gas price surge

(Montel) French energy firm TotalEnergies reported on Thursday a 10% increase in LNG sales and a quadrupling…

Read more

EDF signs deal to buy GE Power's nuclear turbine unit

(Montel) French utility EDF announced on Thursday that it has signed an agreement to buy American energy…

Read more

French safety body denies EPR fuel leaks due to vessel flaw

(Montel) French nuclear safety body IRSN has denied that fuel-rod leaks that led to the shutdown of the…

Read more

Norway’s energy industry criticises offshore wind plan

(Montel) Norway’s energy sector has criticised a government plan to connect only 1.5 GW of planned offshore wind…

Read more

Oil prices trade flat as market eyes Iran nuclear talks

(Montel) Oil prices traded narrowly mixed early on Thursday as market participants awaited the outcome of indirect US-Iran…

Read more

German spot power to drop 7% as wind and solar output rise

(Montel) German day-ahead power looked set to fall around EUR 13 on Thursday as forecasts indicated higher wind…

Read more

Italy’s ERG sells 480 MW gas plant to Enel

(Montel) ERG, a renewable energy operator in Italy, has agreed to sell a business unit that owns a…

Read more

CO2 falls EUR 3 on possible market intervention

(Montel) European carbon prices fell by more than EUR 3 in Wednesday afternoon trading, retreating from yesterday’s record…

Read more

LNG freight rates to Europe turn negative on vessel glut

(Montel) Atlantic LNG shipping costs have tumbled further into negative territory, as available capacity outstrips the pace of…

Read more

Denmark’s Be Green to launch 315 MW new solar this year

(Montel) Danish solar power developer Be Green expects three projects totalling 315 MW of capacity to be commissioned…

Read more

PPA growth set to surge 40% in 2022 to new record – Pexapark

(Montel) European power purchase agreements (PPAs) are set to grow more than 40% year on year in 2022…

Read more

High power prices trigger calls to stop Sweden-Germany cable

(Montel) Swedish businesses and politicians have called for a stop to the planned 700 MW Hansa Power Bridge…

Read more

RWE plans 2 GW of hydrogen-ready gas plants

(Montel) RWE plans to develop 2 GW of “hydrogen ready” gas-fired power plants by 2030 at the…

Read more

Russia-Ukraine conflict could hit 30% of Europe’s gas supply

(Montel) An escalation of military tensions between Russia and Ukraine could put up to 155bcm/year – or…

Read more

German power front year gains on firm carbon, fuels

(Montel) Germany’s benchmark power contract gained on Wednesday with support from firm prices in the markets for CO2, coal…

Read more

Gas prices slip on milder outlook, supply optimism

(Montel) European gas prices slipped in Wednesday trading amid the prospect of protracted mild weather and improved…

Read more

US trims LNG export growth outlook 2% for 2022

(Montel) US LNG exports will likely rise 16% this year on increased capacity and strong European and…

Read more

Nordic power Q2 hits 2.5-week low on wet, mild outlook

(Montel) Nordic power futures fell for the fifth consecutive session on Wednesday, with the Q2 contract hitting a…

Read more

Russian coal hub fire has “no influence” on operations

(Montel) A fire at one of Russia’s largest western coal export terminals, at Taman, has not affected…

Read more

Axpo, Nestle sign 5-year Swiss hydropower PPA

(Montel) Swiss utility Axpo will supply food manufacturer Nestle Switzerland with nearly 100 GWh/year of hydropower generation over…

Read more

France plans 14 new nuclear reactors by 2050 – media

(Montel) French president Emmanuel Macron is set to ask EDF to build up to 14 new nuclear…

Read more

German spot power eyes 15% rise amid renewables drop

(Montel) German day-ahead power looked set to rise around EUR 25 on Wednesday, buoyed by expectations of…

Read more

Oil prices soften as some supply concerns ease

(Montel) Oil prices traded marginally lower early on Wednesday amid easing concerns about global supply tightness in the…

Read more

Equinor gas sales rise 11% in Q4 amid record profits

(Montel) Norwegian oil and gas major Equinor increased its gas sales by 1.7bcm year on year in…

Read more

Carbon benchmark extends record high

(Montel) Europe’s benchmark carbon price extended a record high above EUR 98/t on Tuesday, buoyed by the prospect…

Read more

Bourses, TSOs set up committee to counter Acer reform

(Montel) European power exchanges and TSOs have established a joint steering committee in a bid to counter…

Read more

German operators secure quotas to run reactors to year end

(Montel) The operators of two of Germany’s three remaining nuclear reactors have secured quotas to keep them running…

Read more

Sweden adds record 1 GW wind power in Q4

(Montel) Sweden commissioned a record 1,090 MW of new wind capacity in the fourth quarter of 2021, the…

Read more

German power front year nears 6-week high on EDF nuclear cut

(Montel) The German front-year power contract neared a six-week high on Tuesday after French utility EDF announced…

Read more

Cleared coal derivatives on Ice fall 22% in January

(Montel) Coal futures and options volumes cleared on the UK’s Ice exchange fell by 22% on the…

Read more

French power curve jumps EUR 25 on nuclear output cut

(Montel) French forward power prices jumped up to EUR 25 on Tuesday after EDF cut its annual…

Read more

Few Spain power suppliers to go bust due to prices – lobby

(Montel) Few Spanish retail power suppliers are expected to go out of business this year as a result…

Read more

Nordic front-month power hits lowest point since November

(Montel) The Nordic front-month power contract fell almost EUR 4 to hit a three-month low on Tuesday,…

Read more

Russian crisis drives EU, US to seek new energy supplies

(Montel) EU and US officials are working to shore up EU and Ukrainian energy security as the diplomatic…

Read more

CO2 surges to new high as EDF cuts nuclear target

(Montel) European carbon prices hit a new record high early on Tuesday above EUR 98/t following the downward…

Read more

BP’s gas output rises 6% amid price volatility

(Montel) UK energy major BP raised gas output 6% last year but warned of continued price volatility amid…

Read more

UK’s SSE sees 16% drop in renewable output

(Montel) UK energy firm SSE’s renewable energy output dropped 16% in the first three quarters of the…

Read more

German spot power to rise 18% on lower wind output

(Montel) German day-ahead power prices looked set to rise around 18% on Tuesday as forecasts showed wind power…

Read more

Oil near multi-year highs despite prospect of Iranian supply

(Montel) Oil was still hovering near multi-year highs on Tuesday despite the prospect of returning Iranian supply as…

Read more

Vattenfall, Seagust to bid for Norwegian offshore wind

(Montel) Swedish utility Vattenfall has teamed up with Norway’s Seagust to bid for upcoming licences for offshore wind…

Read more

EDF cuts 2022 nuclear output target to 295-315 TWh

(Montel) EDF has cut its 2022 nuclear production target to a new record low of 295-315 TWh,…

Read more

Biden vows to “end” NS2 project if Russia invades Ukraine

(Montel) US president Joe Biden threatened to halt the contested Nord Stream 2 gas pipeline project even without…

Read more

CO2 falls on more wind, but uptrend is intact

(Montel) European carbon prices dropped slightly on Monday amid a windy and mild weather outlook, but the overall…

Read more

German power futures slump amid mild, windy outlook

(Montel) Most German power futures prices traded lower on Monday afternoon, weighed down by forecasts for milder and…

Read more

LNG demand growth to slow in 2022 – Icis

(Montel) Global LNG demand could rise just 13.8m tonnes (18.76bcm) – or 3.7% – in 2022, below…

Read more

Finnish-Baltic gas market needs more hedging tools – CEO

(Montel) A lack of available long-term hedging products is limiting growth opportunities for the fledgling Baltic-Finnish gas market,…

Read more

Europe LNG imports could offset Russia-Ukraine gas cut – IHS

(Montel) LNG imports are already helping to offset lower Russian gas flows to Europe via Ukraine, so a…

Read more

Spain power front month drops EUR 9, spot moves sideways

(Montel) The Spanish March power contract fell below EUR 200/MWh on Monday, while the spot was set…

Read more

Gas prices slide EUR 5 on mild weather, Russian flows

(Montel) Front-month gas prices on Europe’s benchmark Dutch TTF hub fell EUR 5 on Monday amid a…

Read more

Gazprom fails to book gas transit capacity for Q2, Q3

(Montel) Russia's Gazprom has not booked any additional gas transit capacity to European destinations for the second…

Read more

Nordic March power hits 2-week low as wet outlook confirmed

(Montel) The Nordic March contract slid almost EUR 3 to a two-week low of EUR 67.50/MWh on Monday…

Read more

Statkraft, Matrix Renewables sign 10-year Spanish solar PPA

(Montel) Norwegian utility Statkraft has signed a 10-year power purchase agreement (PPA) for the production from a…

Read more

German spot power eyes 63% gain as renewable output drops

(Montel) German day-ahead power prices looked set to rise around EUR 53 on Monday as forecasts indicated…

Read more

World’s leading firms engage in “bad practice” over GOs

(Montel) The world’s leading firms are using misleading climate pledges, including engaging in “bad practice” over their purchase…

Read more

Crude continues around 2014 high on supply woes, demand

(Montel) Crude was trading flat on Monday but around a seven-year high amid supply constraints and rising demand.…

Read more

CO2 hits new peak on bullish energy complex

(Montel) European carbon prices soared to a new all-time high above EUR 97/t on Friday after setting a…

Read more

Spain has LNG contingency if Russia halts flows – Naturgy

(Montel) Spain has surplus LNG regasification capacity available which could be employed in the event of any significant…

Read more

German power climbs EUR 3 on CO2 record, gas gains

(Montel) German front-year power continued its rise on Friday, boosted by a new record high for the benchmark…

Read more

Finland’s largest wind farm to start first turbine in April

(Montel) French renewables developer Neoen has started the construction of its 406 MW Mutkalampi wind farm in north-western…

Read more

French TSO maintains supply warning amid reactor outages

(Montel) French TSO RTE has extended a power supply warning to the end of winter due to unplanned…

Read more

Bull run for record-breaking EUAs set to persist

(Montel) The current bull run for record-breaking carbon prices is set to persist, with the EUR 100/t mark…

Read more

Nordic power futures continue to fall on wet, mild outlook

(Montel) Nordic power futures fell further on Friday, as forecasts confirmed a wet and mild weather outlook for…

Read more

Orsted brings forward 100 MW H2 project 2 years

(Montel) Danish energy group Orsted and its partners will establish a 100 MW green hydrogen electrolyser in Denmark…

Read more

Volvo, Northvolt to build battery factory in Sweden

(Montel) Sweden-based car manufacturer Volvo Cars and battery producer Northvolt plan to build a large-scale battery factory in…

Read more

Crude prices extend gains after WTI tops USD 90

(Montel) Crude oil kept climbing early on Friday after West Texas Intermediate oil ended the day above…

Read more

German hydrogen firm plans 240 MW electrolyser in Norway

(Montel) German hydrogen company Hy2Gen plans to build a 240 MW electrolyser for green ammonia production in…

Read more

Coal slips on supply hopes, CO2 drops from high

(Montel) European coal prices softened on Thursday amid some signs of improving supply, despite still buoyant demand,…

Read more

Estonia to auction 650 GWh of renewables next year

(Montel) Estonia’s government will organise a competitive auction in January to attract 650 GWh/year of new renewables capacity…

Read more

France’s 2023 wind target “impossible” – energy lobby

(Montel) France’s target to boost onshore wind capacity to 24.1 GW by the end of 2023 was “impossible”…

Read more

Czechs end dispute with Poland over mine for 2 GW plant

(Montel) The Czech Republic has agreed EUR 45m in compensation from Poland ending a dispute over extraction from…

Read more

South Norway to see power above EUR 100 next winter – Volue

(Montel) Power in southern Norway will average above EUR 100/MWh next winter amid depleted hydropower stocks and high…

Read more

Gas prices increase amid low storage levels

(Montel) European gas prices increased on Thursday, though traders saw the market stuck in “no-man’s land” between low…

Read more

Higher UK energy price cap may not solve supplier woes

(Montel) UK consumer energy bills will be capped at GBP 1,971 per year from April, an increase of…

Read more

Gas prices to stay elevated in 2022 – OMV

(Montel) European gas prices should remain elevated in 2022 amid tight supplies but are unlikely to return to…

Read more

Newcastle coal index retreats as Indonesia supply returns

(Montel) Asia-Pacific benchmark coal prices dropped 15% over the past week as Indonesia further relaxed restrictions on…

Read more

Mine feeding 2 GW Polish power plant breaches law – ECJ

(Montel) Poland has infringed EU law by granting a mine that feeds utility PGE’s nearby 2 GW Turow…

Read more

European LNG imports may rise 16% in 2022 – analysts

(Montel) European LNG imports could rise 16% this year amid strong demand to help offset lower gas supply…

Read more

French gas demand rises 6% in 2021 – TSO

(Montel) French gas consumption in 2021 rose 6% from the year before, to 474 TWh, due to a…

Read more

Nordic power prices slide as wet weather outlook persists

(Montel) Nordic power futures slumped early on Thursday as weather forecasts for wetter and milder conditions suggested a…

Read more

Lightsource BP in tie-up to develop 400 MW Italian solar

(Montel) Lightsource BP has signed a deal to develop 400 MW of solar projects in Italy with local…

Read more

EUAs retreat after hitting fresh high close to EUR 95

(Montel) European carbon prices retreated early on Thursday after hitting a record high just below EUR 95/t for…

Read more

Shell’s LNG output may rise 4.5% in Q1

(Montel) UK energy firm Shell’s LNG liquefaction volumes in the first quarter could rise as much as…

Read more

Oil prices soften in range-bound trading

(Montel) Oil prices drifted lower in range-bound trading early on Thursday, after Opec and its Russia-led partners agreed…

Read more

Rising oil and gas prices drive OMV results to record

(Montel) Rising oil and gas sales prices drove Austrian energy firm OMV’s adjusted operating result to a record…

Read more

Vattenfall hedges 50% of 2023 output at EUR 28/MWh

(Montel) Vattenfall had sold half of its Nordic power production for 2023 at an average price of 28…

Read more

EC taxonomy plans to promote “greenwashing” – critics

(Montel) European environmental groups condemned the European Commission for including gas and nuclear in the EU’s taxonomy on…

Read more

Carbon eyes EUR 100/t after new record high

(Montel) European carbon prices may soon be bound for EUR 100/t after hitting a new record on Wednesday…

Read more

Norwegian utility criticises “illiquid” Nordic market

(Montel) Norwegian utility Tafjord earned NOK 25m (EUR 2.5m) on so-called Epad hedges last year, but still said…

Read more

Austria plans to sue EC over taxonomy if it takes effect

(Montel) Austria will sue the European Commission at the European Court of Justice over its taxonomy proposal if…

Read more

Bottlenecks to extend Swedish power price differences – TSO

(Montel) Persisting bottlenecks in the Swedish electricity grid will likely mean day-ahead price differences between bidding zones will…

Read more

French prices to average EUR 220/MWh in 2022 – think tank

(Montel) French power prices will average about EUR 220/MWh across 2022 due to low nuclear supply and expensive…

Read more

Oil use threatens to derail 2050 net-zero target – expert

(Montel) Burgeoning oil consumption, particularly in light of the recovery from the coronavirus crisis, threatens plans by major…

Read more

German power rises amid lower wind outlook, strong carbon

(Montel) German power prices rose on Wednesday, as a more moderate wind outlook and gas gains supported…

Read more

Opec+ agrees to boost supply by 0.4m bbl/day in March

(Montel) Opec and its Russia-led partners agreed on Wednesday to increase oil supply in March by 0.4m bbl/day,…

Read more

EC keeps deadlines for nuclear in taxonomy

(Montel) The European Commission has kept the cut-off deadlines after which nuclear power plants cannot be considered as…

Read more

EC drops interim targets for gas plants in taxonomy

(Montel) The European Commission has dropped plans to require natural gas-fired plants to co-fire with low carbon or…

Read more

EC keeps gas, nuclear in taxonomy with tweaks

(Montel) Natural gas-fired and nuclear power plants meeting specific criteria would be eligible to be labelled as “transitional”…

Read more

Top EU court upholds EC-Gazprom 2018 antitrust deal

(Montel) The European Court of Justice has dismissed Polish gas firm PGNiG’s legal action against the European Commission’s…

Read more

Global coal supply slides 16% in January

(Montel) Global seaborne thermal coal supply in January dropped nearly 16% on the year in January, amid…

Read more

Portugal bans some hydropower output amid drought

(Montel) The Portuguese energy ministry has banned hydropower generation at four dams (888 MW) amid dry weather…

Read more

P2X to invest EUR 70m in Finland’s first H2 electrolyser

(Montel) Finnish green hydrogen developer P2X Solutions will proceed to invest EUR 70m in a planned 20 MW…

Read more

Nordic power rebounds as German, CO2 markets climb

(Montel) Nordic power futures rebounded on Wednesday amid higher German prices, record-high CO2 and stronger fuels, which…

Read more

Closed reactors would have cut Swedish prices 30-45% – study

(Montel) If Swedish nuclear reactors Ringhals 1 (881 MW) and Ringhals 2 (903 MW) were still in operation,…

Read more

CO2 hits new high above EUR 93 on bullish sentiment

(Montel) European carbon prices rose above EUR 93/t for the first time early on Wednesday amid bullish sentiment…

Read more

Indonesia lifts 1-month coal export ban

(Montel) Indonesia has fully lifted a one-month ban on thermal coal exports, due to satisfactory replenishment of…

Read more

German spot power to jump as wind and solar output drop

(Montel) German day-ahead power prices looked set to gain nearly 50% on Wednesday as forecasts pointed to…

Read more

Glencore’s coal output falls 3% in 2021

(Montel) Glencore produced 103.3m tonnes of predominantly thermal coal in 2021, down 3% on the year, due…

Read more

Orsted’s 2021 offshore wind output drops 9.5%

(Montel) Danish energy group Orsted generated 13.8 TWh of offshore wind last year, down 9% from a year…

Read more

Oil prices firm ahead of Opec+ meeting

(Montel) Oil prices edged up early on Wednesday as market participants expected Opec and its Russia-led partners to…

Read more

Finland, Sweden want no time limits for nuclear in taxonomy

(Montel) Finland and Sweden say time limits on operation of nuclear reactors should be removed as a…

Read more

Aquila Capital buys 500 MW solar portfolio in Spain

(Montel) German investment firm Aquila Capital has purchased a 500 MW solar portfolio under development in Spain…

Read more

Swedish power use may rise 15% by 2026 – TSO

(Montel) Sweden’s annual power consumption could rise by 15% from 2022 to 2026 as new power-intensive industry boosts…

Read more

Energy complex falls again with gas

(Montel) Sinking gas prices dragged Europe’s energy complex lower for a second day on Tuesday amid mild and…

Read more

Volatile power prices in UK to persist – consultancy

(Montel) A policy of just in time energy procurement and the phase out of nuclear and coal could…

Read more

Group plans 2 GW green hydrogen project in Spain

(Montel) Spain’s Naturgy, Enagas and Fertiberia, along with Denmark’s Copenhagen Infrastructure Partners (CIP) and Vestas, plan to…

Read more

Nordic price differences may last to September – Storm Geo

(Montel) The large price differences between the Nordic region’s spot power market bidding zones will likely continue until…

Read more

Enel takes almost 130 MW in Italian renewables auction

(Montel) Italy’s Enel was awarded nearly 130 MW in the seventh renewables tender by the country’s state energy…

Read more

German power slides EUR 10 on strong wind, mild outlook

(Montel) German short-term power prices continued their fall on Tuesday – with March sliding EUR 10 – as…

Read more

Italy’s battery storage capacity could reach 15 GW by 2050

(Montel) Italy’s battery storage capacity could exceed 15 GW by 2050 amid an expected surge in growth of…

Read more

French January nuclear output falls to record low

(Montel) French nuclear output fell 5.7% (2.1 TWh) year on year in January to a record low of…

Read more

Spain, Netherlands, Greece “engines of green growth” – Ember

(Montel) Spain, the Netherlands and Greece added more than 10% of their current solar and wind capacity during…

Read more

France set to axe plan to shut 12 reactors by 2035 – experts

(Montel) France is increasingly likely to scrap a plan to close 12 more reactors by 2035 due to…

Read more

March gas slides EUR 8 as "apocalypse" fears ease

(Montel) European front-month gas contracts extended losses seen yesterday on Tuesday – falling another EUR 8 –…

Read more

Renewables share of UK power mix grows in January

(Montel) Renewable energy sources accounted for 32.7% of the UK’s power mix in January, up 5.8 percentage…

Read more

Nordic power front month hits 10-week low on wet weather

(Montel) The Nordic front-month contract hit a 10-week low of EUR 73.50 on a rolling basis on Tuesday…

Read more

EU coal terminal stocks diminish to near 6-year low

(Montel) Coal inventories at northwest European ports have declined to a near six-year low amid arrival delays and…

Read more

Russia’s Suek sees 2021 coal exports rise 1%

(Montel) Russia’s largest producer Suek increased coal exports by just 1% in 2021 to 54.4m tonnes, despite…

Read more

German spot power to rise 3% on lower wind generation

(Montel) German day-ahead power prices looked set to rise around 3% on Tuesday amid expectations that wind output…

Read more

Oil prices remain elevated on supply issues, Russian crisis

(Montel) Oil prices remain elevated – close to prior multi-years highs – on Tuesday amid supply concerns and…

Read more

Action needed to ensure EU coal phase-out realised – report

(Montel) Action is needed to ensure Europe’s planned phase-out of coal-fired power “remains on track” as the polluting…

Read more

Portugal’s energy policy unchanged after election – analyst

(Montel) Portugal is likely to continue with its existing energy policy, including annual solar auctions, as incumbent…

Read more

UK power supplier Octopus buys French Plum Energy

(Montel) British renewable power supplier Octopus Energy has bought its French counterpart Plum Energy, with a plan…

Read more

Mild, windy weather weighs on energy complex

(Montel) The prospect of milder and windy weather next month weighed on Europe’s energy complex on Monday, as…

Read more

Spanish power generation softens in Jan as demand falls

(Montel) Power generation in mainland Spain edged down 0.8% year on year in January to 23.1 TWh…

Read more

Spain spot to ease on less demand, more wind

(Montel) Spanish spot power prices could soften this week amid lower demand and more expected wind, while futures…

Read more

Nestle Germany signs wind power PPAs with Statkraft, Axpo

(Montel) Nestle Germany signed two power purchase agreements (PPAs) with Norwegian utility Statkraft and Axpo Germany, each…

Read more

German power prices slump across board on stormy outlook

(Montel) Contracts on Germany’s power curve slid on Monday, with February slumping more than EUR 20, and spot…

Read more

Former Norway minister slams cabinet over offshore wind

(Montel) Norway’s former energy minister, Tina Bru, has criticised the current administration for doing too little on developing…

Read more

Gas prices slide EUR 5 on mild, windy weather

(Montel) Front-month gas prices on Europe’s benchmark Dutch TTF hub fell nearly EUR 5 on Monday on…

Read more

Coal prices to move sideways, eyes on supply, gas

(Montel) European coal prices slumped on Monday amid pressure from a weaker gas market, although market participants expected…

Read more

GridLink owner vows to pursue 1.4 GW France-UK link

(Montel) The firm behind the GridLink plan to build a 1.4 GW power cable between the UK…

Read more

Nordic power futures plunge on wetter, milder outlook

(Montel) Nordic power futures fell sharply on Monday on the back of wetter and milder weather forecasts for…

Read more

German solar, wind grow 7.2 GW in 2021

(Montel) Germany’s solar capacity grew 5.3 GW last year while the country added 1.9 GW of onshore wind…

Read more

UK asset manager acquires 20 MW battery storage unit

(Montel) UK asset manager Bluefield Solar has acquired the development rights for a 20 MW battery storage project…

Read more

German Feb power plunges EUR 20 on windy, mild expectations

(Montel) The German power February contract shed over EUR 20 on Monday morning ahead of the contract’s expiry…

Read more

Oil hovers near 7-year high on geopolitical turmoil

(Montel) Oil was continuing to hover near seven-year highs hit in the prior session on Monday as political…

Read more

Equinor extends Hammerfest LNG outage until May

(Montel) Norwegian energy firm Equinor has extended an outage at its Hammerfest LNG plant at Melkoya until 17…

Read more

Italy’s GSE awards 30% of capacity in latest green auction

(Montel) Italy’s state-owned energy services company GSE allocated about 30% of renewable energy capacity available in its latest…

Read more

Italy avoids energy policy limbo as Draghi remains premier

(Montel) Italy has avoided a period of political limbo, which could have affected energy policy reforms, after lawmakers…

Read more

NS2 certification won’t happen before summer – report

(Montel) Germany’s BNA network regulator is unlikely to decide the fate of the Nord Stream 2 gas pipeline…

Read more

European spot gas to average EUR 79.50/MWh in 2022 – IEA

(Montel) European spot gas prices will likely average USD 26/MMbtu (EUR 79.50/MWh) in 2022, and potentially achieve fresh…

Read more

EU-US to ensure gas supply – von der Leyen, Biden

(Montel) The EU and US will cooperate in ensuring “continued, sufficient, and timely” gas supply to Europe…

Read more

Volatile market hinders German LNG terminal projects – owner

(Montel) A volatile European gas market and political uncertainty make the outlook for two planned German LNG terminals…

Read more

Gas prices rise on lower flows, NS2 uncertainty

(Montel) European gas contracts rose on Friday amid lower gas flows from Norway and uncertainty about the…

Read more

Carbon prices eye new record on bullish fundamentals

(Montel) European carbon prices hit a seven-week high earlier on Friday and could be eyeing a new record…

Read more

French regulator turns down 1.4 GW UK cable plan

(Montel) French energy regulator CRE has turned down an investment request to build a 1.4 GW GridLink…

Read more

Germany set for mild, wet and windy February

(Montel) Germany is set to see mild temperatures throughout February, with above normal wind and rain output at…

Read more

Nordic power futures gain on higher German prices

(Montel) Nordic power futures moved up on Friday amid higher German prices, supported mainly by higher fuels…

Read more

Groups slam Italy’s move to curb spiralling power prices

(Montel)  An umbrella of green, environmental and consumer groups on Friday slammed Italy’s enforcing of measures aimed at…

Read more

High prices reveal Baltic supply woes – Eesti Energia CEO

(Montel) Record high spot prices this winter have revealed the Baltic region’s dearth of renewable energy capacity and…

Read more

German spot power to rise on strong demand

(Montel) German spot power prices looked set to rise next week with demand staying above normal, although…

Read more

Polish wind output hits new record high 6.5 GW

(Montel) Polish wind power output hit a record high of 6.5 GW on Thursday at 21:00 CET, according…

Read more

Yara, Linde to build 24 MW green hydrogen plant in Norway

(Montel) Norwegian fertiliser producer Yara and German engineering firm Linde have agreed to develop a 24 MW demonstration…

Read more

Crude prices rise on unease about supply from Opec+, Russia

(Montel) Crude oil was higher early on Friday amid supply concerns, as Opec+ struggled to increase production and…

Read more

Italian windfall tax hurts hedging strategies, PPAs – Efet

(Montel) The potential introduction of a windfall profit tax on Italian renewable electricity generators would prove discriminatory, hurt…

Read more

EDF unions to launch legal challenge against Arenh rise

(Montel) France’s four biggest energy unions will launch legal action against the government’s decision to raise the volume…

Read more

CO2 hovers near record high

(Montel) European carbon prices hovered near record highs on Thursday amid technical support, a shortage of auction supplies…

Read more

Swedish government approves nuclear waste storage site

(Montel) The Swedish government has approved Forsmark as the location for a permanent storage site for spent nuclear…

Read more

Strike cuts French power capacity by 2.9 GW

(Montel) An ongoing strike by French power workers cut EDF’s electricity generation capacity by 2.9 GW, including…

Read more

German front-year power rises to 3-week high with gas, CO2

(Montel) The German front-year power contract posted gains on Thursday amid strong gas and CO2 markets, with…

Read more

UK coal usage jumps 73% in January-November 2021 – ministry

(Montel) UK coal consumption for power generation surged 73% on the year to 2.34m tonnes in January-November…

Read more

Russian supply concerns buoy gas futures prices

(Montel) European gas prices were mixed on Thursday, with the curve contracts mostly rising amid ongoing Russia-Ukraine tensions…

Read more

EEX to remain German EUA auction platform until 2024

(Montel) The EEX will continue to host carbon EUA auctions for Germany until January 2024, the Leipzig-based exchange…

Read more

Asia-Pacific coal prices surge to record highs

(Montel) Asia-Pacific benchmark coal prices surged 15% over the past week to fresh record highs as the…

Read more

High Nordic power prices “unsustainable” – Eon official

(Montel) Record high power prices and huge price variations in the Nordic region are “unsustainable” and require market…

Read more

LNG could not offset Russia stopping gas flows – analysts

(Montel) Spare global LNG capacity would be insufficient to fully replace Russian gas supplies to Europe in the…

Read more

UPM Energy’s power sales price jumps 81% in Q4

(Montel) The energy production unit of Finnish forestry group UPM posted an 81% year-on-year increase in its achieved…

Read more

Nordic power front gains as weather forecasts turn colder

(Montel) Nordic front power contracts were trading higher on Thursday, reversing some of the previous session’s losses, amid…

Read more

Brent crude slips below USD 90/bbl on rising US stockpiles

(Montel) Oil prices softened in early trading on Thursday, retreating from levels not seen since 2014 in the…

Read more

German spot power eyes EUR 40 gain as wind output wanes

(Montel) German day-ahead power looked set to rise on Thursday amid expectations of falling wind power generation.…

Read more

Nord Stream 2 establishes German subsidiary

(Montel) Nord Stream 2 established a German subsidiary as demanded by the country’s regulator in order to get…

Read more

EDF extends safety circuit checks to 19 more reactors – CGT

(Montel) EDF will extend checks on safety circuits to 19 more reactors following the discovery of small cracks…

Read more

Solar developers urge comprehensive EU strategy

(Montel) European solar developers have urged a comprehensive EU-wide strategy in the sector to ensure “unprecedented” growth planned…

Read more

Coal hits 3-month high, CO2 eyes record

(Montel) European coal prices surged 9% to three-month highs in Wednesday trading, as depleted stocks and import…

Read more

RWE’s full-year trading earnings set to jump 40%

(Montel) Germany utility RWE’s full-year earnings from its supply and trading unit are expected to jump 42.7% for…

Read more

Iberdrola plans 880 MW pumped storage plant start-up by June

(Montel) Spanish utility Iberdrola’s 880 MW Gouvaes pumped storage plant in northern Portugal is currently undergoing tests…

Read more

German Feb power sheds EUR 6 on windy, milder weather

(Montel) Germany’s front-month power contract shed about EUR 6 on Wednesday amid forecasts showing mild temperatures and above…

Read more

France has EC approval for Arenh hike – ministry

(Montel) France has the necessary approval from the European Commission to go ahead with its plan to temporarily…

Read more

Gas prices retreat on mild outlook, strong supply

(Montel) European gas prices retreated on Wednesday – having hit a 10-day high yesterday – on expectations of…

Read more

Panel price rise dampens Dutch solar growth

(Montel) Dutch solar capacity growth fell to an all-time low in 2021 as new projects were slowed down…

Read more

UK's 60% LNG import surge helps alleviate supply woes

(Montel) UK LNG imports have surged 60% in the month to date versus December to record levels…

Read more

Strike cuts French power capacity by 1.9 GW

(Montel) A strike by power workers in France had cut EDF’s power capacity by about 1.9 GW,…

Read more

Europe gas price risk question of “weather v geopolitics”

(Montel) Despite revised forecasts of mild conditions in Europe for the remainder of the winter, a significant risk…

Read more

Nordic power futures fall on milder weather outlook

(Montel) Nordic power futures fell on Wednesday as weather forecasts showed milder temperatures returning after a brief cold…

Read more

Oil prices edge up ahead of official US inventory data

(Montel) Oil prices traded a shade higher early on Wednesday as market participants awaited official US data on…

Read more

Italy’s industry faces production changes amid energy crisis

(Montel) Half of Italy’s energy intensive companies adjusted or reduced production shifts, while a few were forced to…

Read more

German spot power to halve on robust wind

(Montel) German day-ahead power prices looked set to halve on Wednesday as wind generation soars.…

Read more

Carbon gains on weather, technicals

(Montel) European carbon prices were moving higher on Tuesday on a combination of colder weather forecasts, lower wind…

Read more

Ukraine buys more US, Colombia coal amid domestic shortfall

(Montel) Ukrainian energy firm Dtek has secured four US and Colombia-origin thermal coal cargoes for delivery in…

Read more

Enel boosts green energy capacity by 65% to 5.1 GW in 2021

(Montel) Enel’s global renewable energy capacity rose 65% year on year to 5.1 GW in 2021, bringing the…

Read more

Interconnectors have minor power price impact – Statnett

(Montel) The effect on power prices from Norway’s interconnectors will only be small over time, despite the cables…

Read more

Tauron plans biggest Polish solar farm (100 MW) by end-2023

(Montel) Polish utility Tauron will build a 100 MW solar farm, the biggest in Poland, in the southern…

Read more

BayWa buys asset manager, 300 MW of Italian green capacity

(Montel) German renewables firm BayWa Re has bought green energy operator and asset manager Renam, with the latter…

Read more

Italy’s 2021 power demand rises 6% to 318 TWh – TSO

(Montel) Power demand in Italy rose nearly 6% in 2021 to 318 TWh, returning to pre-Covid levels, TSO…

Read more

Gas ends 3 days of gains amid higher Russian flows

(Montel) European gas markets dropped on Tuesday after largely rising over the past three trading days, as Russian…

Read more

Nordic Feb, Q2 power reach 3-week highs on cold, dry outlook

(Montel) Nordic February and Q2 power futures rose on Tuesday to their highest levels since the start of…

Read more

EU coal terminal stocks slump to 10-month low

(Montel) Combined coal inventories at four key northwest European dry bulk terminals have declined to a 10-month…

Read more

German spot power to ease from 1-month high on wind surge

(Montel) German day-ahead power prices looked set to dive almost EUR 80 on Tuesday as forecasts indicated wind…

Read more

European Energy signs 80 GWh PPA with 595 Solutions

(Montel) Danish renewables producer European Energy has signed a five-year power purchase agreement (PPA) with German metals producer…

Read more

Oil prices remain elevated as geopolitical concerns persist

(Montel) Oil prices continued to trade around pre-pandemic levels on Tuesday as geopolitical concerns around a possible Russian…

Read more

Carbon retreats from 2-week high

(Montel) European carbon prices on Monday retreated from two-week highs hit earlier in the session, as bearish…

Read more

Norway’s SFE drops price hedging as system price soars

(Montel) Norwegian hydropower producer SFE will cease to hedge its future production against the benchmark Nordic system price,…

Read more

Nordic Power Trading posts 12% return despite volatility

(Montel) Denmark-based Nordic Power Trading made a return of 11.6% on investments last year, with the size of…

Read more

German power curve jumps as gas prices surge

(Montel) German power curve contracts rose on Monday, taking a cue from strong moves in the gas market…

Read more

Spain power forwards climb nearly EUR 40 on bullish gas

(Montel) Spanish power forwards soared almost EUR 40 on Monday, as gas prices climbed amid Russia-Ukraine tension,…

Read more

Italy’s renewable sector slams windfall profit levy plans

(Montel) Italy’s latest package of government emergency measures, including plans for a windfall profit levy on green energy,…

Read more

February gas surges 15% on Russia-Ukraine fears

(Montel) European front-month gas contracts surged 15% on Monday amid growing fears that a Russian invasion of Ukraine…

Read more

Gazprom plans no gas auctions to EU this week

(Montel) Gazprom plans no sales of gas to European customers via its electronic sales platform for the 15th…

Read more

A2A buys 0.4 GW green energy in Italy, Spain for EUR 0.5bn

(Montel) Italian utility A2A has acquired 352 MW in wind and solar capacity in Italy and Spain from…

Read more

Supply tightness underpins coal market

(Montel) European coal prices will likely remain well supported this week amid a lack of spot cargoes…

Read more

Spain to add 4 GW green capacity in 2022 – lobbies

(Montel) Spain looked set to connect over 4 GW of new wind and solar capacity to the grid…

Read more

Nordic front-month power jumps near EUR 8 on drier outlook

(Montel) Nordic front-month power jumped near EUR 9 on Monday amid a drier outlook, which would worsen…

Read more

EC advisory group rejects gas, nuclear on EU green list

(Montel) Nuclear and natural gas-fired power should not be eligible for “green” investment labels under conditions proposed by…

Read more

German spot power jumps EUR 27 amid low wind output

(Montel) German day-ahead power prices looked set to rise around 11% on Monday as already low wind output…

Read more

Oil rises on Russia-Ukraine tension, supply concerns

(Montel) Oil prices were rising on Monday around persisting geopolitical tension over fears of a Russian invasion of…

Read more

EU needs extreme vigilance on gas supplies – Simson

(Montel) The EU needs to remain extremely vigilant on gas supplies as tensions with Russia escalate, said EU…

Read more

Germany rejects nuclear, backs gas in EU green taxonomy

(Montel) Germany continues to reject labelling nuclear power as a potentially green investment under the EU sustainable finance…

Read more

Gas continues rise on Russia-Ukraine tension

(Montel) European gas prices rose on Friday as diminished pipeline flows from Russia and tensions between the country…

Read more

Shipyards fully booked to 2025 on LNG demand – shipbroker

(Montel) Shipyards are fully booked until mid-decade as vessel owners rush to take advantage of growing LNG…

Read more

Obstacles remain to Swedish nuclear investments – experts

(Montel) The political and economic risks of investing in conventional nuclear power capacity in Sweden are currently perceived…

Read more

EUAs set to hold within EUR 80-86 range

(Montel) European carbon prices are set to remain stuck within an EUR 80-86/t range next week amid…

Read more

Nordic power recovers amid buoyant German market

(Montel) Nordic power futures rose on Friday, recovering somewhat from this week’s sell-off amid a buoyant German power…

Read more

Spain to add 10 GW in solar PPAs by 2025 – adviser

(Montel) The volume of power purchase agreements (PPAs) linked to solar PV assets in Spain could reach 10…

Read more

Draghi presidency may put Italy’s energy policy in limbo

(Montel) Italy’s energy policy could face a period of limbo if prime minister Mario Draghi steps down to…

Read more

German spot power to remain flat on unchanged wind

(Montel) German spot power prices looked set to remain flat next week with wind levels around the…

Read more

Crude prices fall on increased inventories

(Montel) Crude oil took a further break from seven-year highs to move lower early on Friday on…

Read more

Four EU nations reject gas, nuclear in green taxonomy

(Montel) Austria, Denmark, Luxembourg and Spain continue to reject natural gas and nuclear in the EU’s sustainable finance…

Read more

Spain exposed to LNG prices on piped gas curb – analyst

(Montel) The Iberian gas market will continue to be much more exposed to changes in the LNG…

Read more

France only nation set to miss 2020 renewables goal

(Montel) France is the only EU country set to miss meeting its binding 2020 renewables target, which it…

Read more

Gas crisis shows need for reliable suppliers – von der Leyen

(Montel) The current gas price crisis should be used to speed up the EU’s switch away from fossil…

Read more

Back-up gas plants should be part of green taxonomy – lobby

(Montel) Natural gas-fired power plants used to back up intermittent renewables should be included as green investments in…

Read more

CO2 may hit EUR 100/t around compliance deadline – Vertis

(Montel) European carbon prices may trade around EUR 100/t closer to the end of the compliance period on…

Read more

Technical signals buoy CO2, fuels fall

(Montel) European carbon prices rose on Thursday, driven largely by supportive technical indicators, while fuels markets softened…

Read more

Spain likely to extend 7% generation tax freeze to Q2 – Afry

(Montel) The Spanish government is likely to extend the suspension of a 7% generation tax to Q2 and…

Read more

Finnish union extends 345 MW paper mill strike

(Montel) The Finnish Paperworkers’ union has extended an ongoing strike affecting more than 345 MW of power demand…

Read more

German Feb power continues slide as short-term risks wane

(Montel) German February power dropped on Thursday as a milder weather outlook and strong wind power are expected…

Read more

Finnish telecom firm, RPC sign 10-year wind PPA for 150 GWh

(Montel) Finnish telecommunication firm Elisa and UK investment company Renewable Power Capital (RPC) have signed a 10-year power…

Read more

Nordic 2021 hydropower GOs climb, 2022 flat

(Montel) Guarantees of origin (GO) prices from 2021 Nordic hydropower have climbed in the week to Thursday on…

Read more

German onshore wind to grow 2.3-2.7 GW in 2022 – lobbies

(Montel) Germany's onshore wind capacity would grow 2.3-2.7 GW this year, up from 1.9 GW last year,…

Read more

Nordic power plunges on bearish weather, softer gas

(Montel) Nordic front power futures were trading sharply down on Thursday amid a wet and mild weather outlook…

Read more

Shell doubles Italian solar development pipeline to 2 GW

(Montel) Royal Dutch Shell has doubled its solar development pipeline to 2 GW in Italy through the acquisition…

Read more

Europe to see near record LNG imports to March – analysts

(Montel) Near record LNG deliveries to Europe, including Turkey, will continue until March amid ongoing strong demand and…

Read more

Oil prices retreat from 7-year highs

(Montel) Oil prices traded little a shade softer early on Thursday, retreating further from fresh seven-year highs reached…

Read more

German spot power eyes 40% gain as wind plunges

(Montel) German day-ahead power looked set to jump 40% on Thursday amid expectations of falling wind power…

Read more

UK’s SSE acquires 30 MW UK solar park

(Montel) UK energy company SSE has acquired a 30 MW solar park from developer Stark Energy, marking the…

Read more

EU must reduce dependence on Russian energy – Macron

(Montel) The EU needs to reduce its dependence on Russian oil and gas imports to improve its geopolitical…

Read more

Europe PPAs hit record capacity in December – Pexapark

(Montel) European power purchase agreement (PPA) signings soared in December to reach a record monthly capacity of 3…

Read more

Coal falls 4%, tracks gas losses

(Montel) European coal prices dropped 4% on Wednesday amid subdued physical trading activity, led by a weaker…

Read more

Gasum signs deal to manage Yara’s energy portfolio

(Montel) Finnish energy group Gasum has agreed to provide Norwegian fertiliser group Yara with energy market services for…

Read more

France’s ASN warns against further reactor closures

(Montel) Closing 12 more reactors in France by 2035 as planned will cut supply margins to an extent…

Read more

CO2 border tax good alternative to free permits – think tank

(Montel) A carbon border tax is a good alternative to free trading allowances for protecting EU competitiveness as…

Read more

German power set to continue bull run this year – analysts

(Montel) Strong European gas and carbon prices should drive the German power front-year contract above EUR 100/MWh this…

Read more

Vattenfall mulls bid for subsidy-free Dutch offshore wind

(Montel) Vattenfall is among the potential bidders alongside SSE in the upcoming 1.4 GW Hollandse Kust West offshore…

Read more

EDF may need to stop new reactors to check circuits – ASN

(Montel) EDF might have to stop new reactors to check their safety injection system (SIS) circuit after the…

Read more

EDF woes won't derail pro-nuclear election stance – experts

(Montel) The recent accumulation of setbacks in the French nuclear industry is unlikely to provoke a backlash against…

Read more

Germany and Norway at odds over support for blue hydrogen

(Montel) Norway’s ambition to clean up its gas supplies by producing blue hydrogen with carbon capture and storage…

Read more

Gas falls amid more Norway flows, mild outlook

(Montel) European gas contracts fell on Wednesday, as Norwegian supply increased and forecasts continued to predict mild…

Read more

Developers face challenges to exploit offshore wind – expert

(Montel) The recent Scotwind auction was unlikely to be surpassed in terms of capacity secured, with developers facing…

Read more

EU could earn EUR 800bn from ETS this decade – agency

(Montel) The EU’s member states could earn as much as EUR 800bn from the EU ETS this decade,…

Read more

Nordic power front month slides 4% on mild, wet weather

(Montel) The Nordic front-month power contract tumbled more than 4% on Wednesday amid forecasts of mild and…

Read more

South Korea 2021 LNG imports grow 13%, coal also rises

(Montel) South Korea’s LNG imports in 2021 rose 13% year on year, customs data showed on Wednesday,…

Read more

IEA revises up oil demand growth outlook for 2021-22

(Montel) Global demand for oil has risen faster than expected in recent months and would likely reach pre-Covid…

Read more

Axpo unit signs 300 MW Polish solar PPA

(Montel) Axpo’s Polish subsidiary has signed a power purchase agreement (PPA) for 300 MW of solar capacity in…

Read more

EDF rivals, industrials urge extension of Arenh increase

(Montel) EDF’s rival suppliers and industrial power users are urging the French government to extend a planned rise…

Read more

BHP reduces thermal coal production by 8%

(Montel) BHP reduced thermal coal production 8% on the year in the first half of the 2021-22…

Read more

Oil extends 7-year highs on supply, geopolitical tensions

(Montel) Oil prices extended seven-year highs early on Wednesday amid concerns about tightening supply and escalating geopolitical tensions.…

Read more

German spot power to drop EUR 60 amid wind boost

(Montel) German day-ahead power prices looked set to shed over a third on Wednesday as forecasts suggested…

Read more

Energy independence key to combat high prices – Le Maire

(Montel) Improving Europe’s energy supply independence is key to combating high prices and inflation, said French economy minister…

Read more

Spain’s 717 MW new wind in 2021 “far below” target – lobby

(Montel) Spanish wind power capacity rose by 717 MW in 2021 but was “far below” a national annual…

Read more

Carbon and coal prices climb amid tight supply

(Montel) European carbon and coal prices traded higher in Tuesday afternoon trading amid continued supply tightness in energy…

Read more

UK court dismisses oil, gas funding challenge

(Montel) A UK court on Tuesday dismissed a challenge against the government’s financial support for oil and gas…

Read more

Sweden grid bottlenecks boost price effect of wind – analyst

(Montel) Bottlenecks in the Swedish power grid are amplifying the price effect of new wind farms, especially in…

Read more

Nasdaq supports proposal for independent market operator

(Montel) Moving market coupling operations to an independent unit would provide more healthy competition between spot power exchanges…

Read more

Spain could raise biomethane output 12-fold by 2024 – lobby

(Montel) Spain’s annual biomethane production could spike 12-fold to an average 2,077 GWh/year by 2024 as it aims…

Read more

Indonesia further eases coal export ban

(Montel) Indonesia has granted export permits to 29 coal miners since last Wednesday when it <a href="/News/Story.aspx?id=1292497&highlightCsv=">partially…

Read more

High power prices threaten metal industry’s future – lobby

(Montel) High power prices have led to “unprecedented” curtailments and temporary closures in the non-ferrous metals sector and…

Read more

German front-month power tumbles EUR 6 with weaker gas

(Montel) German front-month power tumbled EUR 6 on Tuesday along with weaker gas, while the front year rose…

Read more

Green hydrogen seen cost competitive in 2 years – study

(Montel) Green hydrogen is set to become cost competitive with existing conventional hydrogen in two years thanks to…

Read more

Green cars in Denmark could consume 3.5 TWh/year by 2030

(Montel) Low or zero emissions vehicles in Denmark could consume 3.5 TWh of renewable energy a year by…

Read more

Gas front month flat amid milder weather, outages

(Montel) European gas prices were range-bound on Tuesday, as expectations of rising temperatures offset Norwegian gas outages and…

Read more

Low stocks to underpin 2022 gas prices – Cedigaz

(Montel) Gas prices will likely soften over the coming year as increased supply enters the market but…

Read more

Nordic power futures fall on mild and wet weather outlook

(Montel) Nordic power futures fell on Tuesday in line with flagging German power prices and amid forecasts for…

Read more

German minister indicates funding for LNG terminal

(Montel) Germany may financially support the construction of an LNG terminal if the project fails to receive private…

Read more

Analysts revise down Q1 US gas price outlook by 11%

(Montel) FocusEconomics has revised down its forecast for average US benchmark Henry Hub gas prices in the…

Read more

FocusEconomics raises Q1 coal price outlook 4.3%

(Montel) Pacific basin benchmark coal prices could average USD 152.10/t in the first quarter, up 4.3% –…

Read more

German spot power set to dive 28% on 24 GW wind

(Montel) German day-ahead power prices looked set to dive almost EUR 66 on Tuesday as forecasts indicated wind…

Read more

Statkraft, Better Energy sign 10-year Polish PPA

(Montel) Norwegian power producer Statkraft has signed a 10-year power purchase agreement (PPA) with Denmark’s Better Energy for…

Read more

Oil continues to trade around multi-year highs

(Montel) Crude oil was continuing to trade around multi-year highs on Tuesday amid geopolitical tension and market tightness…

Read more

German power demand could double by 2045

(Montel) Electricity consumption in Germany could double to 1,128 TWh by 2045, mainly due to electrification of the…

Read more

February gas drops over 10% amid more LNG

(Montel) European front-month gas prices fell more than 10% on Monday afternoon, as the prospect of more LNG…

Read more

RWE CEO urges German government to support LNG terminal

(Montel) Germany’s new government should support the construction of an LNG terminal in the country to diversify its…

Read more

Gazprom books just 11mcm/day gas transit capacity for Feb

(Montel) Russia's Gazprom has booked just 11.1mcm/day of additional gas transit capacity to European destinations for February, according…

Read more

German power front month falls on gas, less nuclear risk

(Montel) The German power front month dropped on Monday amid pressure from European gas and carbon markets and…

Read more

Gas prices slide EUR 5 on strong LNG supply

(Montel) The benchmark Dutch TTF front-month gas contract fell EUR 5 on Monday as LNG deliveries to…

Read more

Spanish spot power may rebound amid more demand, less wind

(Montel) Spanish spot power prices could rebound this week amid higher demand and sliding wind, yet that…

Read more

Coal prices near 2-month highs on tight supply

(Montel) European coal prices look set to remain strong this week amid still limited prompt supply at…

Read more

Scottish Power secures 7 GW Scotwind capacity

(Montel) UK developer Scottish Power, a unit of Spain’s Iberdrola, secured the seabed rights to develop three offshore…

Read more

Nordic power front softens on wet and mild outlook

(Montel) Nordic power front contracts dropped by more than EUR 1 on Monday amid an outlook for wet…

Read more

Faster German renewables growth could cut costs

(Montel) An accelerated renewables capacity buildout and fossil fuel phase-out could cut German power costs by a third,…

Read more

European Energy sells 122 MW Italian solar parks to Iren

(Montel) Denmark’s European Energy has sold two Italian solar parks with a combined installed capacity of 121.5 MW…

Read more

German spot power set to rise above EUR 240 as wind drops

(Montel) German day-ahead power prices were set to nearly double on Monday amid an expected sharp decline…

Read more

Brent crude hits 3-year high as demand concerns wane

(Montel) Brent crude hit its highest point in more than three years on Monday as fears over demand…

Read more

Europe gas crisis to speed transition to hydrogen – lobby

(Montel) Europe’s current gas crunch could speed the transition to alternative fuels like green hydrogen, said the International…

Read more

EDF may seek capital increase on possible EUR 8bn hit – bank

(Montel)  EDF is "likely" to launch a new capital increase to mitigate the financial impact of this year's…

Read more

MEP seeks ban on ETS funding for new nuclear

(Montel) Eastern European countries would not be allowed to build nuclear plants using emissions trading system (ETS) funds…

Read more

German front-quarter power jumps on French nuclear outages

(Montel) Contracts along the German power curve gained on Friday in reaction to an announcement that French utility…

Read more

Russia relaxes coal export restrictions via Latvia

(Montel) Russia is ramping up coal railings to the port of Riga for onward shipment to Europe,…

Read more

Polish coal miners end blockade threat after wage deal

(Montel) Miners with Poland's biggest coal producer PGG have struck a wage agreement with management, ending their threat…

Read more

Norway must make offshore wind viable – Statkraft CEO

(Montel) Norway should allow new offshore wind developments to connect to more than one country to ensure they…

Read more

MEP Liese backs 4.2% annual cut in ETS emissions cap

(Montel) The European Parliament’s lead negotiator on emissions trading system (ETS) reforms supports cutting the annual cap by…

Read more

TTF prices rise amid French nuclear power cut plans

(Montel) European gas prices rose on Friday after French utility EDF announced plans to cut nuclear production,…

Read more

Scottish Power Renewables acquires 800 MW UK solar assets

(Montel) ScottishPower Renewables has acquired 800 MW of solar projects in the UK, marking the country’s largest solar…

Read more

CO2 prices to trade in volatile EUR 80-85/t range next week

(Montel) European carbon prices are set to move within an EUR 80-85/t range next week amid continued volatility. …

Read more

Refinitiv hikes CO2 forecast 30% to EUR 85/t for Q1

(Montel) Refinitiv analysts have hiked their forecasts for European carbon prices to average EUR 85/t in Q1 and…

Read more

German coal imports may rise 12% in 2022 – trade group

(Montel) German thermal coal imports could increase 12% this year to 28.5m tonnes thanks to growing power…

Read more

Nordic power curve firms on lower French nuclear output

(Montel) The Nordic front-month and front-quarter power contracts extended gains on Friday amid news of planned cuts…

Read more

Gas price surge makes renewables “cheapest” power in UK

(Montel) Skyrocketing gas prices drove an 85% increase in wholesale UK power prices last year, underscoring the need…

Read more

Germany to become net power importer from 2023 – IEA

(Montel) Germany is set to become a net importer of electricity from next year amid the country’s nuclear…

Read more

Polish miners threaten to halt power plant coal shipments

(Montel) Miners with Poland's biggest coal producer PGG have threatened to halt coal shipments to the country's power…

Read more

Nordic wind power output hits fresh record above 20 GW

(Montel) Wind power output in the Nordic region reached a record average 20.1 GWh/h production, or 402.4 GWh…

Read more

France raises Arenh volume by 20 TWh to cap energy bills

(Montel) The French government will increase the volume of nuclear power available in 2022 on the regulated…

Read more

Crude prices rise slightly on supply concerns

(Montel) Crude oil was slightly higher early on Friday amid ongoing concerns about supply and optimism about demand…

Read more

EDF cuts 2022 nuclear output target by 10% amid outages

(Montel) EDF has cut its 2022 nuclear production target by almost 10% to 300-330 TWh following outages…

Read more

EU gas prices could still surge this winter – WoodMac

(Montel) European gas prices could still increase “substantially” this winter, depending on weather, supply and Nord Stream 2…

Read more

EU gas prices to fall more quickly than expected – Aurora

(Montel) European gas and power prices should fall from current highs more quickly next year than currently priced…

Read more

CO2 continues fall on weak technicals, auction

(Montel) European carbon prices were extending their previous session’s losses on Thursday as bearish technical signals and a…

Read more

Orsted commits to first corporate PPA in N Ireland

(Montel) Danish energy company Orsted has taken a final investment decision to build a wind farm in Northern…

Read more

Norway 2021 gas exports rose 6bcm to 3rd highest on record

(Montel) Norway exported 113.2bcm of natural gas through pipelines to other European destinations last year, an increase of…

Read more

MEP Liese aims ETS changes at decarbonisation, not prices

(Montel) The European Parliament’s lead negotiator on carbon market reforms, Peter Liese, plans targeted changes focused on speeding…

Read more

European PPA prices rise 8% in Q4 amid energy crisis

(Montel) European power purchase agreement (PPA) prices rose, by nearly 8%, quarter on quarter for the third consecutive…

Read more

Front-month gas falls on mild spell, LNG influx

(Montel) European front-month gas contracts continued their fall on Thursday, following revised forecasts for milder weather in the…

Read more

Novatek's LNG exports fall 11% in 2021

(Montel) Russian gas firm Novatek saw an 11% drop in LNG sales on the international market to 7.94bcm,…

Read more

Green project dearth boosts PPAs despite uncertainty – Engie

(Montel) A lack of permitted, renewable projects and European power market uncertainty have strengthened the position of green…

Read more

Nordic hydropower GOs steady ahead of compliance buying

(Montel) Guarantees of origin (GO) prices from Nordic hydropower were broadly stable in the week to Thursday amid…

Read more

Newcastle coal prices jump 17% on week amid tight supply

(Montel) Pacific-basin benchmark coal prices jumped over 17% over the past week as Indonesian export restrictions –…

Read more

More MEPs back keeping carbon reserve intake at 24%

(Montel) The European Parliament should support keeping the 24% intake rate of EU carbon allowances in a reserve…

Read more

Exchanges hurt competition by opposing Acer plan – expert

(Montel) Power exchanges Nord Pool and Epex Spot are undermining European exchange competition by opposing plans for…

Read more

Nordic power futures drop on wet, mild weather outlook

(Montel) Nordic power futures slumped as much as 6% in early trading on Thursday as weather forecasts pointed…

Read more

Global LNG market set to remain tight in 2022 – Poten

(Montel) Global LNG markets will likely remain tight in 2022 amid ongoing robust demand and limited supply growth,…

Read more

Indonesia lifts coal export ban

(Montel) Indonesia has lifted a ban on thermal coal exports, imposed since the start of the year,…

Read more

Crude oil eases from 2-month highs amid tight US stockpiles

(Montel) Oil prices eased in early trading on Thursday, pulling back from fresh two-month highs reached the previous…

Read more

German spot power to ease with demand drop, mild weather

(Montel) German day-ahead power looked set to ease on Thursday amid expectations of falling demand and milder…

Read more

Poland's power output rises 14% in 2021 – TSO

(Montel) Polish power output rose 14% last year to 173.6 TWh, according to data from TSO PSE released…

Read more

Nordic region sees record wind power output

(Montel) The Nordic region saw record wind power output of 20.3 GWh/h from 03:00-04:00 CET on Thursday, according…

Read more

Eon, Horisont cooperate on hydrogen, carbon capture

(Montel) German utility Eon and Norwegian hydrogen firm Horisont Energi plan to jointly develop hydrogen production and carbon…

Read more

Gas falls as LNG lessens winter supply risk

(Montel) European gas contracts continued to fall across the curve on Wednesday, as an influx of LNG helped…

Read more

Baltic gas exchange sees record 8 TWh traded last year

(Montel) Trading volumes on the Baltic gas exchange Get Baltic rose 10% to a record 8 TWh last…

Read more

New French EPR start date "very optimistic” – nuclear expert

(Montel) EDF’s latest target to start its Flamanville nuclear reactor by the end of 2023 is "very optimistic",…

Read more

EDF delays Flamanville start-up to end 2023 on weld issue

(Montel) French utility EDF has postponed the commercial start-up of its Flamanville reactor by six months to the…

Read more

German power front month drops on gas, windier outlook

(Montel) German front-month power continued to trade lower on Wednesday, with pressure coming from the gas market and…

Read more

European gas prices unlikely to revisit highs – analysts

(Montel) European gas prices will likely remain supported in Q1 amid Russian supply concerns but strong LNG…

Read more

Nordic power continues recovery despite mild, wet forecast

(Montel) Nordic power futures continued to rise on Wednesday in a correction after a recent sell-off despite weather…

Read more

Indonesia may hike coal exports 14% in 2022

(Montel) Indonesia has set a coal export target of 497.2m tonnes for 2022, more than 14% higher…

Read more

US LNG exports to rise 18% in 2022 – EIA

(Montel) The US will likely hike LNG exports 18% this year to 11.54bn cubic feet per day (327mcm/day)…

Read more

Sweden launches EUR 0.6bn fund to tackle high power prices

(Montel) Sweden’s government has set aside SEK 6bn (EUR 584m) to compensate households for record high electricity prices…

Read more

EDF delays fuel loading at Flamanville reactor to Q2 2023

(Montel) French utility EDF has delayed fuel loading at its new generation European pressurised reactor (EPR) at…

Read more

Eesti Energia, Octopus sign 5-year wind PPA for 1.4 TWh

(Montel) Estonian utility Eesti Energia and UK company Octopus Renewables have signed a wind power purchase agreement (PPA)…

Read more

Ineos signs 10-year PPA for 250 GWh Belgian wind supply

(Montel) UK petrochemical producer Ineos has signed a power purchase agreement (PPA) with Eneco to purchase 250 GWh/year…

Read more

German spot power to drop EUR 50 as renewables rise

(Montel) German day-ahead power prices looked set to drop over EUR 50 on Wednesday following forecasts of…

Read more

Oil prices pare gains after touching 2-month highs

(Montel) Oil prices were little changed after touching fresh two-month highs on Wednesday morning, driven by the prospect…

Read more

LNG, weather pressure gas lower

(Montel) European gas prices continued to ease from elevated levels on Tuesday due to pressure from a…

Read more

Cleared coal futures on Ice more than halve in December

(Montel) Coal futures and options volumes cleared on the UK’s Ice exchange slumped by more than half…

Read more

Experts get more time for gas, nuclear green label response

(Montel) Experts now have until 21 January to respond to the European Commission’s proposed criteria for natural gas…

Read more

Ukraine coal supply concerns subside despite Russian ban

(Montel) Ukrainian coal stocks have risen more than 20% over the past month despite an ongoing Russian…

Read more

No near-term risk to German supply security – Agora

(Montel) Germany’s closure of coal and nuclear plants against a backdrop of a global gas shortage posed…

Read more

German power prices fall amid milder weather, declining gas

(Montel) German benchmark power prices eased on Tuesday morning, as a mild weather outlook and falling gas…

Read more

Germany eyes gas exit from power generation from 2035

(Montel) Germany’s new government wants to exit natural gas in power generation from 2035 and use green hydrogen…

Read more

Gas prices drop as temperatures, LNG supplies rise

(Montel) European gas prices dropped on Tuesday amid forecasts of higher temperatures than previously expected and more LNG…

Read more

Nordic power front futures edge up amid correction

(Montel) Nordic power contracts edged higher on Tuesday, correcting from a recent sell-off with the gains limited by…

Read more

Denmark power capacity crunch after 2030 possible – agency

(Montel) Denmark could struggle to meet power demand during hours with low wind output and high consumption needs…

Read more

MEP Liese to unveil draft ETS reforms position on Friday

(Montel) The European Parliament’s lead negotiator on EU carbon market reforms will set out his initial views on…

Read more

Germany to target 572 TWh renewables in 2030

(Montel) Germany’s government will target 572 TWh of power generation from renewable sources by 2030 when it tables…

Read more

German gas expansion requires amended taxonomy – BDI

(Montel) The European Commission’s green taxonomy draft rules need amending or Germany’s required expansion of gas-fired capacity would…

Read more

German green fund balance hits record EUR 10.6bn in 2021

(Montel) Germany’s green energy fund increased its balance by EUR 1.6bn to a record EUR 10.6bn in…

Read more

Equinor to report up to USD 1.5bn loss from Q4 gas trading

(Montel) Norwegian energy group Equinor is set to post an up to USD 1.5bn loss from Q4 gas…

Read more

German February power sheds 7% amid sliding gas prices

(Montel) German February power dropped around 7% in early trading on Tuesday, dragged down mainly by flagging gas…

Read more

German industry may face gas interruptions – association

(Montel) Large industrial energy consumers in Germany may see their gas supplies interrupted this winter due to the…

Read more

German spot power eyes EUR 5 fall on rising wind generation

(Montel) German day-ahead power prices looked set to shed around EUR 5 on Tuesday amid forecasts of higher…

Read more

Oil edges up but China Omicron fears cap gains

(Montel) Oil prices were edging higher on Tuesday though fears over the spread of Omicron in China and…

Read more

Carbon drops more than EUR 4 as auctions resume

(Montel) European carbon prices fell on Monday after the EEX exchange resumed auctions for the first time in…

Read more

Russian coal exports fall to 10-month low

(Montel) Russian coal exports in December slipped to a 10-month low, as logistics constraints hampered exporter efforts…

Read more

German February power falls on milder outlook, carbon

(Montel) German front-month power lost value on Monday on early pressure from a milder temperature outlook and the…

Read more

Volatility forces portfolio manager Shepherd to close shop

(Montel) Swedish portfolio manager Shepherd Energy has closed its business amid extreme market volatility, company founder Arne Osterlind…

Read more

Spanish spot power may jump on higher demand

(Montel) Spanish spot power could jump this week amid higher demand and a halving of wind supply,…

Read more

Indonesian export ban buoys coal prices

(Montel) Atlantic basin coal prices gained in early Monday trading amid support from an ongoing ban on…

Read more

Front-month gas prices rise as supply concerns persist

(Montel) European front-month gas contracts reversed initial losses to rise on Monday morning as thin supplies from Russia…

Read more

Carbon falls EUR 2 as auction supply resumes

(Montel) European carbon prices fell as much as 3% on Monday morning as the EEX exchange resumed…

Read more

France is close to a solution to cap power prices – minister

(Montel) French economy minister Bruno Le Maire hopes to find a “technical solution by the end of…

Read more

Powertis, Aquila raise Italy solar goal to near 1.2 GW

(Montel) Spain’s Powertis and German investment fund Aquila Capital have agreed to develop an additional 421 MW of…

Read more

Nordic front-month power slides 9% on wet, mild outlook

(Montel) The Nordic front-month power contract tumbled EUR 8.50 – or 9% – on Monday amid forecast…

Read more

EU must invest EUR 500bn in new nuclear by 2050 – official

(Montel) Europe must invest EUR 500bn by 2050 to develop next-generation nuclear reactors and reach its net-zero…

Read more

Key MEP backs keeping carbon reserve intake at 24%

(Montel) The EU should keep the 24% intake rate of EU carbon allowances into a reserve until 2030…

Read more

Nordic financial power volumes hit 23-year low in 2021

(Montel) Nordic financial power volumes traded and cleared on the Nasdaq Commodities exchange slumped to their lowest point…

Read more

French nuclear power supply reaches 11-month high

(Montel) France’s nuclear power plant availability reached its highest level since 5 February last year at 48.7…

Read more

German spot power softens as green output to rise

(Montel) German day-ahead power prices were set to ease around EUR 1.50 on Monday amid rising wind and…

Read more

Norway increases support for consumers amid energy crisis

(Montel) The Norwegian government said this weekend it would reimburse households for 80% of all electricity costs above…

Read more

Crude oil trades flat amid demand concerns

(Montel) Crude oil was trading flat on Monday amid concerns around demand due to a weaker economic outlook,…

Read more

Energy complex falls on milder outlook

(Montel) The European energy complex was falling on Friday pressured by forecasts of milder weather, though fundamentals remained…

Read more

Swiss TSO agrees deal with Italy to ease grid congestion

(Montel) Switzerland’s TSO Swissgrid has agreed a deal with Italy to ease cross-border trading congestion on its southern…

Read more

Rising coal burn drives up German emissions 4.5% – Agora

(Montel) Germany has stepped back from its climate targets with greenhouse gas emissions rising by 4.5% in 2021…

Read more

German front-month contracts fall with lower gas prices

(Montel) Germany’s February and March power contracts shed up to 7% in midday trading on Friday, tracking losses…

Read more

German power exports fall 6% in 2021 – BNA

(Montel) German net power exports fell 5.9% year on year from about 18.4 TWh to 17.4 TWh in…

Read more

French December imports soar on low nuclear supply

(Montel) France was a net power importer for a second consecutive month in December, taking in 2.2 TWh…

Read more

CO2 may revisit record high despite auction restart

(Montel) European carbon prices are expected to remain well supported next week and could retest record highs despite…

Read more

Gas prices drop amid milder weather forecasts

(Montel) European gas prices declined on the back of forecast milder temperatures, although weather models remained uncertain.…

Read more

Nordic February power firms on colder weather, German power

(Montel) The Nordic February power contract edged higher in early Friday trading in response to forecasts indicating…

Read more

Germany to see mild weather, weak wind to February

(Montel) Germany is set to see mild weather to the beginning of February, with normal to below average…

Read more

Belgium’s power exports hit all-time high in 2021

(Montel) Belgium exported a record amount of power last year, 21.7 TWh, due to increased nuclear and…

Read more

Shell’s LNG Q4 output falls below expectations

(Montel) Royal Dutch Shell’s LNG liquefaction volumes in the fourth quarter of last year fell below expectations…

Read more

German spot power set to soar next week on less wind

(Montel) German spot power prices on Friday looked set to strengthen by nearly EUR 100 next week,…

Read more

Dutch to nearly double this year’s Groningen gas output

(Montel) The Dutch government wants to nearly double output from the Groningen gas field to 7.6bcm in the…

Read more

Crude prices rise on Kazakhstan, Libya output concerns

(Montel) Crude oil was higher early on Friday on supply concerns amid protests in Kazakhstan and lower production…

Read more

Coal rises on lingering supply shortfall

(Montel) European coal prices rose further in Thursday trading, as spot supply remained insufficient to meet still-strong…

Read more

German power Cal 23 falls amid lower carbon prices

(Montel) The German benchmark power contract for 2023 fell amid lower CO2 and stable gas prices on…

Read more

GOs - Hydro contracts face pressure from supply increase

(Montel) European hydro guarantees of origin (GOs) prices for 2022 were little changed over the past week as…

Read more

US LNG exports to Europe jump over 20% in 2021

(Montel) US LNG exports to European and west Mediterranean destinations soared 22% last year to 23.5bcm, amid…

Read more

Newcastle coal index rebounds on Indonesia export ban

(Montel) The Pacific basin’s leading coal index rebounded this week following news that No. 1 thermal coal…

Read more

Nordic power prices continue fall on wetter forecasts

(Montel) Nordic power futures extended their prior session losses on Thursday amid wetter forecasts, with precipitation set…

Read more

Prompt gas prices gain on tight supply, steady demand

(Montel) European gas prices gained ground in early Thursday trading amid tight supply and as colder weather…

Read more

Indonesia reduces January coal price on China output growth

(Montel) Indonesia's energy ministry set its January coal reference price at USD 158.50/t, down by a marginal…

Read more

Oil retreats after US inventory data suggests softer demand

(Montel) Oil prices slumped in early trading on Thursday amid concerns about US demand for crude products and…

Read more

German spot power to shed EUR 33 as wind output rises

(Montel) German day-ahead power looked set to drop on Thursday amid expectations of rising wind production and…

Read more

Escalating Russia-Ukraine conflict puts NS2 at risk – Berlin

(Montel) An escalating conflict between Russia and Ukraine would jeopardise the Nord Stream 2 pipeline between Russia and…

Read more

Terna sells 425 MW of demand response contracts for 2022

(Montel) Italian TSO Terna has sold 424.7 MW out of 700 MW of demand-side response power contracts for…

Read more

CO2 prices gain amid thin liquidity, firm buying

(Montel) European carbon prices gained on Wednesday, as thin liquidity and firm buying interest were supported by a…

Read more

Europe eyes 77% jump in LNG cargoes this week

(Montel) Europe looked set to receive a surge in LNG cargoes this week following a recent spike…

Read more

MEP wants end to free EUAs for CO2 border tax sectors early

(Montel) Sectors covered by the EU’s planned carbon border adjustment mechanism (CBAM) should lose their right to free…

Read more

German power Cal 23 edges higher amid gas gains

(Montel) German front-year power continued to climb on Wednesday, pulled along by firm prices in the gas market.…

Read more

Gas prices jump EUR 4 as Russia concerns persist

(Montel) European gas prices rose EUR 4 on Wednesday amid diminished Russian flows, a Norwegian gas field outage…

Read more

Nordic front power softens in post-holiday market

(Montel) Nordic power futures softened on Wednesday in a quiet post-holiday market with low trading volumes and few…

Read more

New nuclear needs 2050 waste plan for green label

(Montel) New nuclear power plants would need a detailed plan for storing high-level radioactive waste by 2050 to…

Read more

NorNed, Cobra capacity cuts due to Dutch congestion – TSO

(Montel) Ongoing capacity restrictions on the NorNed and Cobra power cables (1.4 GW combined) between the Nordic…

Read more

Oil hovers near 6-week highs on steady Opec+ supply boost

(Montel) Oil prices hovered near six-week highs early on Wednesday, a day after Opec and its Russia-led partners…

Read more

Uniper secures credit lines to shield from volatility

(Montel) German utility Uniper has secured additional funds to shield itself from risks in a volatile trading environment.…

Read more

Gas-fired power needs limited hours or heat for green label

(Montel) Natural gas-fired power plants running for limited hours, or also supplying heat, could qualify as transitional sustainable…

Read more

Gas, carbon prices extend gains

(Montel) European gas prices were poised to climb another 10% on Tuesday as a downturn in Russian…

Read more

Italy’s new capacity market auction may attract limited bids

(Montel) Italy’s new capacity market auction for power delivery in 2024 is expected to see limited participation despite…

Read more

German ministry expects renewables to cut high energy costs

(Montel) Germany’s economy ministry sees more renewable energy as the way to curb high energy costs that…

Read more

Opec+ agrees to boost supply by 0.4m bbl/day in Feb

(Montel) Opec and its Russia-led partners agreed on Tuesday to increase oil supply in February by 0.4m bbl/day,…

Read more

German power Cal 23 rises with higher gas, carbon

(Montel) The new German front-year power contract rose amid higher gas and carbon prices on Tuesday.…

Read more

Coal prices spike as Indonesian export ban impacts supply

(Montel) Pacific basin coal prices jumped more than 10% on Tuesday, with a ban on Indonesian thermal…

Read more

Gas prices surge amid low Russian flows, cold weather

(Montel) European prompt gas contracts surged on Tuesday morning, as a sharp fall in Russian flows to European…

Read more

Carbon prices extend rally amid lack of supply

(Montel) European carbon prices extended a strong start to the new year on Tuesday to reach a…

Read more

EU coal terminal stocks averaged 30% lower in 2021

(Montel) Combined coal inventories at four key northwest European dry bulk terminals last year were on average…

Read more

Nordic power futures rebound on gas, CO2

(Montel) Nordic power futures rose on Tuesday after falling for three consecutive sessions on the back of stronger…

Read more

UK's green power share slips in 2021

(Montel) Renewable power sources accounted for nearly 30% of the UK’s power mix last year, down from…

Read more

European gas supplies need Nord Stream 2 – Uniper

(Montel) Europe’s security of gas supply is at risk if the Nord Stream 2 pipeline does not…

Read more

Crude trades flat ahead of Opec+ meeting

(Montel) Crude oil was range-bound early on Tuesday ahead of a meeting of the Opec+ oil-producer group…

Read more

German clean power share falls in 2021

(Montel) The share of renewable energy in Germany’s power mix fell to less than 46% in 2021,…

Read more

Carbon rises amid thin volumes

(Montel) European carbon prices were climbing on Monday supported by the lack of auction supply and technical strength,…

Read more

Fewer negative hours in Germany likely as demand recovers

(Montel) Germany is likely to see fewer negative power price hours in the coming years given a demand…

Read more

December LNG imports hit nine-month high

(Montel) Seaborne LNG deliveries to key European destinations climbed to their highest level since April last month…

Read more

France to boost use of coal plants to avert supply crunch

(Montel) France plans to boost the use of its coal-fired power plants this month and next in…

Read more

German front-month power extends losses on mild weather

(Montel) Germany’s front-month power contract plummeted by EUR 50 on Monday amid forecasts of mild weather…

Read more

Spain’s annual power output rises 3% to 247 TWh

(Montel) Spain's mainland power generation rose 3.1% year on year to 246.9 TWh in 2021, according to…

Read more

TTF front month firms after massive sell-off

<strong>(Montel) TTF gas prices for delivery next month rebounded on Monday following a sharp correction driven by…

Read more

Rising wind output set to pressure Spanish power prices

(Montel) Spanish power prices were expected to face some pressure this week amid forecasts for rising wind…

Read more

Nordic power futures plunge on mild, wet weather

(Montel) Nordic power futures slumped in early trading on Monday as weather forecasts indicated milder and wetter conditions…

Read more

Oil prices edge higher ahead of Tuesday’s Opec+ meeting

(Montel) Oil prices edged higher in range-bound trading on Monday, a day before officials from Opec and its…

Read more

N European power prices turn negative on high wind

(Montel) Hourly power prices in Germany and several neighbouring countries dropped below zero on Monday amid a mixture…

Read more

German wind, solar capacity rises by 533 MW in November

(Montel) German wind and solar capacity grew by slightly less than 533 MW in November, data from…

Read more

Terna assigns 540 MW interruptible power contracts

(Montel) Italian TSO Terna has assigned 540 MW interruptible electricity contracts for the current year.…

Read more

German spot power to double as wind and solar output drop

(Montel) German day-ahead power prices looked set to more than double on Monday as forecasts showed renewable…

Read more

UK ETS authority to decide on intervention by 18 Jan

(Montel) The UK ETS authority will announce by 18 January whether to intervene in the country’s carbon market…

Read more

Labelling nuclear, gas as green investment is “greenwashing”

(Montel) A European Commission plan to label some gas and nuclear power as green for sustainable investments sends…

Read more

Nine-day strike in Finnish tech industry could hit power use

(Montel) Finland’s technology industries, a sector including steelmakers and manufacturers consuming 14 TWh annually, could face a 9-day…

Read more

Alcoa stops Spain unit, signs green PPAs from 2024

(Montel) Global aluminium giant Alcoa will stop all production at its Galicia factory in Western Spain for…

Read more

Gas drops amid mild weather

(Montel) European gas prices plunged on Thursday amid forecasts for mild weather in January and the prospect…

Read more

Spain plans to auction 500 MW of renewables in April

(Montel) Spain's energy ministry has launched a public consultation on a scheme for a 500 MW renewables…

Read more

Nordic system price hits record high in December

(Montel) (Montel) The Nordic system price settled at EUR 147.18/MWh in December, the highest monthly average since the…

Read more

Nuclear outages raise risk of Jan power supply crunch – RTE

(Montel) France faces an increased risk of a power supply shortfall in January due to “historically low”…

Read more

German spot power turns negative for 5 hours on Friday

(Montel) German-day ahead power prices will settle in negative territory for five hours on Friday amid strong wind…

Read more

Gas front months fall to 3-week low

(Montel) European gas front month contracts extended losses on Thursday to their lowest in three weeks, as forecasts…

Read more

Spanish gas demand rises 5% in 2021 – TSO

(Montel) Spanish gas demand is set to finish the year at 378.5 TWh, a 5% increase from…

Read more

Nordic front power drops on wetter, windier weather

(Montel) Nordic power futures fell for the sixth day in a row on Thursday, depressed by wetter…

Read more

German spot power to near 5-month low on more wind

(Montel) German day-ahead power looked set to sink around 73% on Thursday to the lowest level since early…

Read more

Putin pledges more gas flows to Europe if NS2 approved

(Montel) Russian president Vladimir Putin has pledged increased gas deliveries to Europe if the 55bcm/year Nord Stream 2…

Read more

Crude prices flat as lower stocks offset pandemic concerns

(Montel) Crude oil was flat early on Thursday, as declining US stockpiles counterbalanced worries about potential demand destruction…

Read more

Gazprom completes loading of second string of Nord Stream 2

(Montel) Russia’s Gazprom has finished filling the second string of the 55bcm/year Nord Stream 2 gas pipeline, operator…

Read more

CO2 extends gains amid lack of auction supply

(Montel) European carbon prices continued to extend gains on Wednesday amid a lack of supply from daily…

Read more

Gas prices extend losses on mild weather

(Montel) European gas prices extended losses and slid nearly EUR 10 early on Wednesday on mild weather…

Read more

Nordic January power hits 2-week low on wetter outlook

(Montel) The Nordic January power contract hit a two-week low of EUR 130/MWh on Wednesday amid a wetter…

Read more

Russia expects NS2 certification in H1 – Novak

(Montel) Germany should certify the Nord Stream 2 gas pipeline in the first half of 2022, Russian…

Read more

German spot power set for 45% drop on higher wind

(Montel) German day-ahead power prices looked set to shed around EUR 70 on Wednesday amid forecasts of a…

Read more

Spain to auction 1.2 GW of CHP capacity from next year

(Montel) Spain plans to auction 1.2 GW of natural gas- and biomass-fired combined heat and power (CHP) capacity…

Read more

Carbon rises 3% amid thin volumes

(Montel) European carbon prices rose 3% on Tuesday in a very illiquid market due to the holiday season.…

Read more

RWE, Audi test used car batteries for storage

(Montel) RWE is testing used electric car batteries for storage to help stabilise the power grid in…

Read more

January gas extends fall on mild outlook

(Montel) TTF front month gas dropped further on Tuesday as forecasts reconfirmed a milder and windy outlook for…

Read more

Nordic front power drops with German prices, gas

(Montel) Nordic power contracts fell on Tuesday along with weaker German power and a softer gas market.…

Read more

German spot power to rise 56% on lower wind output

(Montel) German day-ahead power prices looked set to gain around EUR 59 on Tuesday, as forecasts showed a…

Read more

Italy industry may not restart in January amid energy crisis

(Montel) Italy’s energy-intensive industries may not resume operations after the Christmas break as skyrocketing energy prices have eroded…

Read more

Nordic power falls EUR 18 with Germany on low volumes

Nordic power futures fell on Monday, with the front month diving almost EUR 20, following significant dives…

Read more

Front-month gas dives EUR 20 on mild outlook

(Montel) The benchmark front-month gas contract on the Dutch TTF hub dived EUR 20 to its lowest…

Read more

German forward power prices tumble EUR 60

(Montel) German curve power prices tumbled EUR 60 on Monday morning amid forecasts showing mild, windy weather.…

Read more

Gazprom plans no gas auctions to Europe this week

(Montel) Gazprom plans no sales of gas to European customers via its electronic sales platform this week, the…

Read more

Algeria offers more gas to Europe amid supply crunch

(Montel) Algeria is to make available more gas to Europe via the Trans-Mediterranean pipeline to Italy to cope…

Read more

German spot power set to fall EUR 40 on more wind

(Montel) German day-ahead power prices looked set to fall EUR 40 on Monday amid a rise in…

Read more

Oil prices slip amid demand concerns

(Montel) Oil prices edged down in early trading on Monday amid concerns over demand as US companies…

Read more

No German Xmas negative prices for first time since 2010

(Montel) Germany has had its first Christmas since 2010 without negative wholesale power prices, with the lowest hourly…

Read more

Plunging gas prices pressure energy complex

(Montel) European gas prices remained in freefall on Thursday, in turn dragging down related coal and carbon…

Read more

At least 2.5bcm of LNG earmarked for Europe by New Year

(Montel) At least 2.5bcm of LNG is en route for arrival at European and west Mediterranean LNG…

Read more

Poland calls for EU ETS limits for financial institutions

(Montel) Poland has called on the European Commission to curb the trading activity of financial institutions in the…

Read more

EDF extends Gravelines 4 (0.9 GW) outage to 9 January

(Montel) EDF has extended an outage at its 910 MW Gravelines 4 nuclear reactor in northern France…

Read more

Halt to Yamal gas flows due to lack of orders – Putin

(Montel) Gazprom stopped supplying gas to Germany via the 38bcm/year Yamal gas pipeline this week because European companies…

Read more

Enefit to build 72 MW wind farm in Finland

(Montel) Enefit Green, the renewables subsidiary of Estonian utility Eesti Energia, has made a final investment decision to…

Read more

Russia coal production hits 14-month high, exports struggle

(Montel) Russian coal production grew more than 8% in November to a 14-month high, official data showed…

Read more

Nordic Q1 power drops EUR 6 on milder weather

(Montel) The Nordic front-quarter contact softened on Thursday amid rising temperatures and wetter weather, which could offer…

Read more

Nordic GOs rise amid lower reservoir levels

(Montel) Guarantees of origin (GO) prices from Nordic hydropower have risen slightly over the past week, partly in…

Read more

Axpo appoints new head of gas trading

(Montel) Swiss utility Axpo has appointed Sandro Giannotti as the company’s new head of gas trading, it…

Read more

German spot power to fall 32% with more wind, lower demand

(Montel) German day-ahead power prices looked set for a EUR 98 drop on Thursday, as forecasts showed higher…

Read more

Ukraine increases firm gas import capacity by 8mcm/day

(Montel) Ukraine will increase its overall firm gas import capacity by a third, to 35mcm/day, by adding 8mcm/day…

Read more

Oil prices flat as US stock drop offsets virus concerns

(Montel) Oil prices were largely flat in early Thursday trading as a drop in US crude stocks…

Read more

Russian gas flows slide 8.5% on 3 main pipelines

(Montel) Russian gas exports to northwestern Europe along three main conduits were seen on Thursday approximately 8.5%…

Read more

French February power remains at EUR 1,000 amid “panic”

(Montel) The French February power contract remained at an eye-watering EUR 1,000/MWh for the second consecutive day…

Read more

Ukraine’s Naftogaz urges EU action over Russia supply dearth

(Montel) Ukrainian utility Naftogaz has urged the European Commission to force Russia’s Gazprom to release more gas, to…

Read more

German front-year power soars near EUR 20 to new high

(Montel) German front-year power soared near EUR 20 to hit a fresh record high on Wednesday, despite retreating…

Read more

Uniper agrees low-carbon gas supply deal with Novatek

(Montel) German utility Uniper has signed a long-term supply deal for low-carbon ammonia, a derivative of hydrogen, from…

Read more

Europe’s LNG imports set to surge on high prices

(Montel) European and west Mediterranean LNG imports could more than double over the coming week, versus the…

Read more

Nordic power futures slip EUR 7 from highs on milder outlook

(Montel) Nordic power futures fell up to more than EUR 7 from record highs set in the previous…

Read more

Dutch announce emissions limits on coal plants from 1 Jan

(Montel) The Netherlands will enforce carbon emissions limits on coal-fired plants from 1 January to help meet…

Read more

Gas prices retreat but Gazprom "pressures market"

(Montel) European gas prices dropped sharply in early Wednesday trading amid profit-taking from record highs achieved yesterday…

Read more

Carbon slides EUR 4 on lockdown fears

(Montel) European carbon prices have fallen close to 6%, or EUR 4, on Wednesday as concerns over potential…

Read more

German spot power set to dive more than EUR 130 on wind

(Montel) German day-ahead power prices looked set to fall more than EUR 130 on Wednesday as wind…

Read more

Oil prices steady amid Omicron uncertainty

(Montel) Oil prices were little changed on Wednesday amid lingering uncertainty regarding the spread – and potential…

Read more

Germany opens 1.2 GW tender for coal closures in 2024

(Montel) Germany’s BNA network regulator has launched its fifth hard coal exit tender for bids to close 1.223…

Read more

German power skyrockets to new peak in "crazy" market

(Montel) German front-year power skyrocketed EUR 25 to an unprecedented EUR 281/MWh on Tuesday in what one participant…

Read more

EC allows carbon CFDs in EU state-aid rules

(Montel) National governments will be able to use carbon contracts for difference (CFDs) linked to the EU carbon…

Read more

Record gas prices catapult EU power markets to new highs

(Montel) Power prices across Europe soared to record highs on Tuesday, in tandem with skyrocketing gas prices,…

Read more

French power imports hit maximum amid nuclear supply woes

(Montel) France’s electricity imports from its neighbours hit their maximum level on Tuesday largely due to record low…

Read more

German energy sector emissions rise 12% in 2021 – lobby

(Montel) Germany’s energy sector emissions will rise 11.8% on the year to 247m tonnes in 2021 due to…

Read more

Gas prices surge to record highs as Russia cuts flows

(Montel) European gas prices surged by around 10% to record highs on Tuesday, as Russian supply diminished…

Read more

EU faces “difficult” debate over ETS reforms – Slovenia

(Montel) France can expect “difficult negotiations” to agree carbon market reforms when it takes over the rotating EU…

Read more

Nordic January power spirals to EUR 186 record high

(Montel) The Nordic January power contract surged near EUR 16 to a fresh high of EUR 186/MWh on…

Read more

Carbon extends rally on gas, auction break

(Montel) European carbon prices are extending the previous session’s gains on Tuesday underpinned by jumping gas prices and…

Read more

Russian gas flows via Mallnow drop to zero, prices spike

(Montel) Russian gas flows via the Mallnow connection on the German-Polish border came to a halt this…

Read more

Oil prices edge up as Omicron fears “overdone”

(Montel) Oil prices were edging up on Tuesday, after hitting a two-week low in the prior session, as…

Read more

Norway may see “power rationing” amid dry outlook – analyst

(Montel) Norway may have to start “rationing consumption” to avoid hydropower reservoirs from running dry before the snowmelt…

Read more

"Fear" is boosting Spanish power futures – experts

(Montel) Spanish power prices in 2022 are likely to out-turn well below current forward price levels, with contracts…

Read more

EC approves German hydrogen support scheme

(Montel) The European Commission has approved Germany’s EUR 900m scheme to support investment in the production of renewable…

Read more

Bull run for Nordic power to continue next year – analysts

(Montel) Nordic spot power prices will likely hit fresh record highs next year and average above EUR 64/MWh,…

Read more

Nordic front power rises EUR 3 on strong spot, drier outlook

(Montel) Nordic power forwards climbed on Monday amid very high spot prices and drier weather forecasts.…

Read more

Belgium still considering nuclear extensions – report

(Montel) Belgium is still considering extending the lifetime of two nuclear reactors, though it was not the…

Read more

French minister urges EDF to optimise supply this winter

(Montel) French energy minister Barbara Pompili has urged EDF CEO Jean-Bernard Levy to optimise power supply in the…

Read more

Oil slides as Omicron spread dampens demand outlook

(Montel) Oil prices were slid more than USD 2 on Monday as the rapid spread of the Omicron…

Read more

Nord Stream 2 is a “geopolitical mistake” – German minister

(Montel) The Nord Stream 2 gas pipeline was a “mistake” from a “geopolitical point of view” but could…

Read more

Carbon plummets 13% as fuel prices slide

(Montel) European carbon prices fell as much as 13% on Friday as participants liquidated their positions ahead of…

Read more

France to rely on “pricey” imports amid cold, outages

(Montel) France will rely on expensive power imports to meet demand next week due to unplanned reactor outages…

Read more

Coal generation to hit all-time high in 2021 – IEA

(Montel) Global power generation from coal is expected to jump 9% this year to an all-time high,…

Read more

Gas, nuclear green status debate a “tiny” issue – Scholz

(Montel) Whether natural gas and nuclear should be considered “green” investments is a “tiny” issue in the wider…

Read more

Gas prices dive EUR 3 on CO2 slump, milder outlook

(Montel) European front-month gas prices fell up to EUR 3 on Friday amid a 12% slump on the…

Read more

EU leaders pledge to monitor carbon, power prices

(Montel) EU leaders plan to keep a close eye on soaring carbon and power prices and will discuss…

Read more

Dutch nuclear operator readies for new-build plans

(Montel) EPZ, the operator of the Netherlands’ sole nuclear power plant, said it was ready to play a…

Read more

Nordic power futures retreat from records on profit-taking

(Montel) Nordic power futures fell from record highs set in the previous session on Friday, as profit-taking and…

Read more

CO2 market set to remain range-bound to year end

(Montel) Carbon prices will likely remain range-bound at EUR 75-91/t until the end of the year, as…

Read more

Russian freeze to compound Europe energy crisis – forecaster

(Montel) A severe cold snap in Russia may compound an energy supply crunch in Europe, while the latter…

Read more

German spot power to climb next week on low wind, cold

(Montel) German spot power prices on Friday looked set to climb next week to a record average…

Read more

Norway to distribute EUR 98m to hydrogen projects

(Montel) Norway’s government plans to distribute NOK 1bn (EUR 98m) to support three hydrogen projects, it said on…

Read more

Crude prices fall on Omicron concerns

(Montel) Crude oil was lower early on Friday on pessimism about the impact on demand of the soaring…

Read more

French industrials call for cap on soaring prices

(Montel) French industrial power users have urged authorities to cap power prices – which reached a record…

Read more

Nord Stream 2 is not a political bargaining chip – Scholz

(Montel) The Nord Stream 2 gas pipeline should not serve as a bargaining chip to ease tensions between…

Read more

Speculators are key to EU ETS – experts

(Montel) Financial speculators and non-compliance entities in the EU ETS are important players and therefore any intervention to…

Read more

Carbon gains in bullish market

(Montel) European carbon prices rose on Thursday, as French nuclear outages should drive fossil-fuel generation during the winter.…

Read more

Clean hydrogen definition key to boosting market – experts

(Montel) Clearly defining and certifying low-carbon hydrogen will be key to ramping up trading volumes, and the European…

Read more

UK ETS hits new high of GBP 77.20/t

(Montel) The UK’s carbon price rose by almost GBP 3 to surpass a previous high in September on…

Read more

German power prices hit "catastrophic" highs on French fears

(Montel) German front-year power surged to a new high of EUR 230/MWh on Thursday – which one trader…

Read more

Spain spot power soars to new high above EUR 309 on gas

(Montel) Day-ahead prices for Spanish baseload power settled at a new high above EUR 309/MWh on Thursday…

Read more

French reactor shutdowns due to cracks – watchdog

(Montel) EDF’s decision announced earlier to shut down two French reactors was due to the discovery of cracks…

Read more

Jan gas contracts retreat from 2-month highs

(Montel) Front-month gas prices pulled back from two-month highs on Thursday following an early surge driven by…

Read more

Tackling energy price impacts a priority for EU leaders

(Montel) Tackling energy price impacts on citizens and businesses is one of the EU’s key policy priorities for…

Read more

German regulator unlikely to decide on NS2 in H1 2022

(Montel) Germany’s BNA network regulator is unlikely to decide on the certification of the contested Nord Stream 2…

Read more

European PPAs signed in 2021 jump 69% to 6.1 GW – RE-Source

(Montel) The amount of European corporate power purchase agreements (PPAs) signed this year surged 69% from a year…

Read more

Supply fears push Newcastle coal index to 7-week high

(Montel) Pacific-basin benchmark coal prices have risen 14% this week to a seven-week high amid some concerns…

Read more

French January power surges to EUR 550 on reactor shutdowns

(Montel) France’s January power contract surged by 40% to a fresh record high of EUR 550/MWh on Thursday…

Read more

UK hourly power price revisits GBP 1,500 on wind dearth

(Montel) UK hourly power prices for Friday revisited the previous session’s peak of GBP 1,500/MWh on forecasts…

Read more

Nordic power hits fresh record highs on colder forecasts

(Montel) Nordic power contracts were hitting fresh highs on Thursday amid colder weather forecasts than previously expected and…

Read more

Olkiluoto 3 (1.6 GW) gets permission to start testing

(Montel) Finnish nuclear watchdog Stuk said on Thursday it has approved an application by the operator of…

Read more

Enea to add 3.5 GW renewables, seeks carbon neutrality

(Montel) Polish power utility Enea aims to add 3.5 GW in renewable energy capacity by 2040 in a…

Read more

Equinor, Engie launch blue hydrogen plans in Belgium

(Montel) Norwegian energy company Equinor and French utility Engie plan to develop hydrogen from cleaned natural gas in…

Read more

EDF shuts two Chooz units (3 GW) to inspect piping

(Montel) EDF will shut down its two Chooz nuclear reactors (3 GW) in France for preventative inspection of…

Read more

Poland's prime minister slams EU carbon trading scheme

(Montel) Polish prime minister Mateusz Morawiecki slammed the “irrational logic” behind the EU ETS, calling it susceptible to…

Read more

German spot power to extend record high as wind output drops

(Montel) German day-ahead power looked set to extend a record on Thursday over EUR 350/MWh as forecasts suggested…

Read more

Oil prices rise after big drop in US crude inventories

(Montel) Oil prices traded around 1% firmer early on Thursday following a larger-than-expected decline in the nation’s crude…

Read more

Denmark aims for 4-6 GW electrolyser demand by 2030

(Montel) The Danish government intends to spend DKK 1.25bn (EUR 16.8bn) on developing hydrogen and related electricity conversion…

Read more

Italy to spend another EUR 3.8bn to curb higher energy bills

(Montel) The Italian government is planning to spend at least an additional EUR 3.8bn next year to mitigate…

Read more

Dutch government promises nuclear plant’s lifetime extension

(Montel) The incoming Dutch government has promised to extend the operational lifetime of the country’s only nuclear plant…

Read more

TAP gas flows to Europe have risen 40% since September

(Montel) Gas flows to Europe via the Trans Adriatic Pipeline (TAP) have jumped 40% since mid-September to reach…

Read more

EC wants platforms to resell LNG, storage capacity

(Montel) European LNG and natural gas storage operators would have to set up transparent and non-discriminatory booking platforms…

Read more

Carbon gains ahead of options expiry

(Montel) European carbon prices rose on Wednesday, reversing the previous day’s losses amid volatility ahead of the day’s…

Read more

Swedish TSO to boost Norway, Denmark capacity up to 1 GW

(Montel) Swedish TSO Svenska Kraftnat has announced a measure for calculating cross-border flows that can boost available capacity…

Read more

CO2 to average EUR 75 in 2022 on weaker gas – bank

(Montel) European carbon prices should average EUR 75/t next year, compared with a current price of around EUR…

Read more

German power Cal 22 continues slide on softer gas

(Montel) Germany’s benchmark front-year power contract shed EUR 6 on Wednesday amid falling gas prices and less…

Read more

Spanish spot power hits record high above EUR 300/MWh

(Montel) Spanish day-ahead power prices reached a new high above EUR 300/MWh on Wednesday amid a buoyant gas…

Read more

EC proposes voluntary joint gas buying for crises

(Montel) EU countries would be able to pool their resources to negotiate buying gas for emergency storage if…

Read more

Bullish gas sees biomass prices soar 65% to multi-year highs

(Montel) The price of wood pellets for use in European power generation has risen around 65% since…

Read more

Germany must speed up transition as green share falls – BDEW

(Montel) Germany must complete its renewables transition “as quickly as possible”, as the country saw its share of…

Read more

EC sets out draft low-carbon hydrogen certification rules

(Montel) Only hydrogen produced with emission savings of at least 70% compared with its unabated fossil fuel-sourced equivalent…

Read more

EC wants to ban long-term gas contracts after 2049

(Montel) All long-term contracts for natural gas with unabated CO2 emissions would have to expire by the end…

Read more

UK hourly power price surges to GBP 1,500

(Montel) UK hourly power prices for Thursday surged to over GBP 1,500/MWh and the daily average reached a…

Read more

Pandemic delays coal to gas conversion at Uniper plant

(Montel) German utility Uniper has postponed plans to close its 345 MW hard coal-fired power unit Scholven B…

Read more

Nordic Jan power soars EUR 11 to new high on cold, low wind

(Montel) The Nordic front-month and front-quarter power contracts continued to surge to new highs for a third…

Read more

Germany approves closure of 0.5 GW coal plants

(Montel) Germany’s BNA network regulator has approved the closure of 0.5 GW of coal-fired capacity by 22 May…

Read more

Volatility in gas market far from over – Ofgem

(Montel) UK regulator Ofgem has warned that the country’s retail energy market faces continued headwinds from volatile gas…

Read more

Spain’s BNZ to build a 45 MW solar PV plant in Italy

(Montel) Spanish independent power producer BNZ will build its first solar photovoltaic plant in Italy with an installed…

Read more

Latest Portuguese GO auction sees prices drop

(Montel) Prices for Portuguese guarantees of origin (GOs) for renewable power traded down by up to EUR 0.28/MWh…

Read more

Norway’s gas exports rise 7% in November

(Montel) Norwegian gas exports rose 6.7% year on year in November to 10.2bcm, contributing to record revenues for…

Read more

German spot power set for record near EUR 350 as wind halves

(Montel) German day-ahead power prices looked set to touch a new record near EUR 350/MWh amid bullish…

Read more

UK watchdog seeks tougher measures to tackle energy crisis

(Montel) The chief of the UK’s independent energy regulator has called for speedier and tougher action to tackle…

Read more

UK will not intervene in CO2 market after cost curb set off

(Montel) The UK ETS authority will not intervene in the UK Allowances (UKA) market after triggering the…

Read more

EC to set out 2050 net-zero gas rules on Wednesday

(Montel) The EU’s natural gas sector will face new pressures to help the bloc achieve net-zero emissions by…

Read more

Spain to decide on tax cuts extension “soon” – minister

(Montel) The Spanish government will “soon, shortly” take a decision on energy levies as it mulls extending some…

Read more

German PPA market lags behind neighbours – Microsoft

(Montel) Securing renewable supply with power purchase agreements (PPAs) was less competitive in Germany compared to the rest…

Read more

France must improve nuclear power availability – minister

(Montel) France must improve the availability of its nuclear power supply to achieve carbon neutrality in 2050, industry…

Read more

German renewables expansion needs subsidies to 2040 – lobby

(Montel) Germany’s plans to expand the country’s renewables capacity will require the government to keep its subsidy scheme…

Read more

CO2 drops EUR 4 on profit-taking, gas climbs

(Montel) European carbon prices fell by 5% on Tuesday on profit-taking while gas hit a 10-week high on…

Read more

Denmark to support CCS projects with EUR 2.2bn

(Montel) A Danish parliament majority agreed to provide DKK 16bn (EUR 2.2bn) for carbon capture and storage (CCS)…

Read more

Falck plans new 675 MW floating offshore wind plant in Italy

(Montel) Italy’s Falck Renewables and Spain’s BlueFloat Energy are planning to jointly develop a 675 MW floating offshore…

Read more

Workers end UK oil and gas field strike – union

(Montel) Workers at French energy firm TotalEnergies’ UK oil and gas facilities have ended just over a…

Read more

Vattenfall plans to start 0.3 GW Danish wind farms in 2023

(Montel) Swedish utility Vattenfall has made a final investment decision for two Danish offshore wind farms totalling 344…

Read more

No threat to UK winter gas supply – government

(Montel) Diversity of supply will ensure the UK faces no gas shortages this winter despite spiralling global prices,…

Read more

Spain approves EUR 6.9bn spending plan for renewables

(Montel) Spain’s government on Tuesday approved a plan to allocate EUR 6.9bn in the next two years for…

Read more

Strike could cut Finnish power demand by 345 MW

(Montel) The Finnish Paperworkers’ union issued a strike warning on Tuesday against forestry firm UPM, with the latter…

Read more

German front-year power falls from record high on weaker CO2

(Montel) The German front-year power contract started a downward correction on Tuesday in line with CO2 after…

Read more

Carbon slides 5% amid profit-taking, technical selling

(Montel) European carbon slid around 5% on Tuesday as speculators cashed in some of their gains ahead of…

Read more

Spanish spot power sets fresh high above EUR 291

(Montel) Day-ahead power prices in Spain hit a fresh high above EUR 291/MWh on Tuesday amid higher…

Read more

TSOs delay planned launch of countertrade on Nordlink cable

(Montel) Countertrade on the 1.4 GW Nordlink cable between Norway and Germany will not be introduced from the…

Read more

Italy to sell 5.12m GOs in December auction

(Montel) Italian state-owned energy services company GSE plans to sell around 5.12m guarantees of origin (GO) for January-October…

Read more

Gas prices jump to 10-week highs

(Montel) Gas prices jumped to fresh 10-week highs on Tuesday, driven by the prospect of colder weather…

Read more

RWE, Enerparc sign 10-year German solar PPA (57 MW)

(Montel) German utility RWE has signed a solar power purchase agreement (PPA) with Hamburg-based solar developer Enerparc to…

Read more

Nordic Q1 power jumps EUR 13 to fresh high on cold outlook

(Montel) The Nordic Q1 power contract jumped EUR 12.90 to hit a fresh contract high of EUR 123/MWh…

Read more

Covid surge may slow oil demand recovery – IEA

(Montel) A surge in new Covid-19 cases – including the Omicron variant – could slow the recovery in…

Read more

German spot power eyes 5% drop as wind and solar output rise

(Montel) German day-ahead power prices looked set to shed around EUR 16 on Tuesday, as forecasts predicted a…

Read more

EDF postpones 3 reactor outages to avert supply crunch

(Montel) EDF will delay outages at three nuclear reactors in France – Flamanville 1, 2 (1,300 MW each)…

Read more

Oil edges up but Omicron concerns dent gains

(Montel) Oil was edging up on Tuesday amid a positive demand outlook from Opec for next year, though…

Read more

German 1.1 GW unit runs "irregularly" due to coal shortage

(Montel) Germany’s largest and newest hard coal-fired unit Datteln 4 (1.1 GW) was currently running “irregularly” due to…

Read more

Gas drives energy complex higher

(Montel) European gas prices surged to a nine-week high, pulling the rest of the energy markets higher…

Read more

French spot power hits new high, driven by gas prices

(Montel) French day-ahead power prices hit an historical high on Monday and could climb further over the week,…

Read more

Gazprom plans no gas auctions to Europe this week

(Montel) Gazprom plans no sales of gas to European customers via its auction platform (ESP) this week, the…

Read more

Scotland approves final tranche of 1.1 GW wind farm project

(Montel) The Scottish government has approved the final tranche of what will become the country’s largest offshore wind…

Read more

Spain Cal 22 power tops EUR 200/MWh on gas rally

(Montel) The Spanish Cal 22 power contract hit a record high above EUR 200/MWh on Monday as spot…

Read more

German front-year power hits record above EUR 200 on cold

(Montel) German front-year power leapt to a new record above EUR 200/MWh on Monday, pulled up by a…

Read more

Prompt gas hits 2-month high on cold, supply concerns

(Montel) European gas front-month contracts rose to two-month highs on Monday, as cold weather forecasts exacerbated concerns about…

Read more

Omicron impact on global oil demand “short-lived” – Opec

(Montel) The impact of the new Omicron variant on global oil demand “is expected to be mild and…

Read more

Nordic power front hits new highs on cold outlook, Germany

(Montel) Nordic power futures soared on Monday morning, with January, Q1 and Cal 22 hitting fresh highs on…

Read more

Finland wind developer Ilmatar to expand into solar (40 MW)

(Montel) Finnish wind developer Ilmatar will expand into solar power by building two farms (total 40 MW) in…

Read more

Naturgy buys 373 MW Spanish solar projects from Ence

(Montel) Naturgy has bought five solar projects in Spain totalling 373 MW from Ence Energia for EUR 62m.…

Read more

Statkraft, Foresight sign 10-year Spanish solar PPA

(Montel) Statkraft has signed a 10-year Spanish solar power purchase agreement (PPA) with UK investment fund Foresight Solar,…

Read more

German spot power set to surge to EUR 300, eyes new record

(Montel) German day-ahead power prices looked set to jump more than EUR 30 on Monday and could soar…

Read more

Oil rises as fears recede over economic fallout of virus

(Montel) Oil prices were rising on Monday as fears were somewhat receding about the economic fallout from the…

Read more

Rising gas prices lift coal, CO2

(Montel) A rise in European gas prices on Friday gave support to coal and carbon, market participants said. …

Read more

Spain approves roadmap for 1-3 GW offshore wind by 2030

(Montel) The Spanish government has approved a previously announced policy to develop 1-3 GW of floating offshore…

Read more

Spain-France 2022 capacity auction clears at record high

(Montel) An annual auction for 600 MW of power capacity from Spain to France for 2022 cleared at…

Read more

CO2 market volatility to persist ahead of options expiry

(Montel) European carbon prices are expected to remain volatile ahead of key options expiry next week, while some…

Read more

Finnish utility plans storing carbon in Norway

(Montel) Finnish utility Helen and Norwegian energy company Horisont Energi said on Friday they intend to cooperate in…

Read more

TTF gas front month gains on colder forecasts

(Montel) The TTF front-month gas contract traded higher on Friday amid support from forecasts predicting a cold…

Read more

Nordic January power drops EUR 4 on milder, wetter weather

(Montel) The Nordic front week and January power contracts softened on Friday amid rising temperatures and wetter…

Read more

ENBW, Frankfurt Airport sign 85 MW wind PPA

(Montel) ENBW has signed a long-term power purchase agreement (PPA) with Frankfurt Airport to supply 85 MW from…

Read more

Italy’s ERG buys 92 MW solar projects in Spain

(Montel) Italian renewables firm ERG has bought two solar plants in Spain with a combined capacity of 91.6…

Read more

Norway’s wide power price divergence to extend 5 years – TSO

(Montel) Power prices in Norway will likely continue to diverge widely in the next five years due to…

Read more

Germany to see cold weather return from late December

(Montel) Germany was set to return to cold weather following a mild spell next week, forecasters said…

Read more

Polish MPs vote to suspend EU ETS

(Montel) Polish MPs voted on Thursday in favour of a resolution urging the suspension of the EU ETS…

Read more

Crude prices fall on Omicron concerns

(Montel) Crude oil was lower early on Friday on pessimism about the threat to demand posed by the…

Read more

EU approves hydropower, bioenergy green finance criteria

(Montel) The EU has approved the first list of criteria to determine which economic activities are sustainable, including…

Read more

CO2 sheds 8% on profit-taking

(Montel) European carbon prices dived up to 8% on Thursday, having hit a new record high in the…

Read more

Growing LNG volumes may replace coal by 2040 – Poten

(Montel) Global LNG demand could rise by more than 60% to 580m tonnes/year (789bcm) by 2040, with…

Read more

Gas to “almost certainly” remain tight this winter – Eurasia

(Montel) The existing gas market tightness in Europe will “almost certainly” last throughout the current winter, with…

Read more

Price strength entices German post-subsidy wind farms

(Montel) Around 3 GW of German wind power capacity exiting the country’s EEG renewable subsidy scheme from next…

Read more

EPR start-up depends on Taishan probe – French regulator

(Montel) France's ASN nuclear safety authority must see the results of an investigation into faulty fuel-rod cladding at…

Read more

Alpiq revises down H1 earnings due to “accounting mismatch”

(Montel) Swiss utility Alpiq on Thursday revised down its H1 trading earnings from CHF 41m to CHF…

Read more

German power front year dives amid carbon losses

(Montel) German front-year power reversed course from a morning record high to lose over EUR 20 on…

Read more

Tight hydropower supply underpins GO contracts

(Montel) European hydropower guarantees of origin prices were broadly stable the week to Thursday, underpinned by supply tightness…

Read more

France mulls increasing Arenh volume by 50 TWh – source

(Montel) France is considering increasing the volume of nuclear power available on the regulated Arenh rate by 50…

Read more

Gas prices slide near EUR 5 amid energy sell-off

(Montel) Gas prices slid nearly EUR 5 on Thursday amid a European-wide sell-off of energy commodities, while increased…

Read more

Statkraft signs 3-year wind PPA with German cement maker

(Montel) Statkraft has signed a three-year power purchase agreement (PPA) with German cement manufacturer Opterra to deliver…

Read more

Nordic power futures retreat with German power, carbon

(Montel) Nordic power futures fell on Thursday along with German power prices and carbon and amid milder forecasts. …

Read more

Ren-Gas seeks 1.8 GW Finnish wind for electrolysers by 2030

(Montel) Renewable gas start-up Ren-Gas needs around 1.8 GW of wind power production for electrolysers to fulfil its…

Read more

Europe’s coal imports to near 3-year high in December

(Montel) Northwest European imports of thermal coal could rise 8% on the year this month to a…

Read more

German spot power set to fall as wind and solar output rise

(Montel) German day-ahead power looked set to fall on Thursday as forecasts pointed to an increase in…

Read more

Oil prices extend 1-week highs as Omicron concerns ease

(Montel) Oil prices extended more than one-week highs early on Thursday amid hopes that the Omicron coronavirus variant’s…

Read more

Axpo trading results jump 43% but accounting rules cap gains

(Montel) Swiss utility Axpo’s trading and sales earnings climbed to CHF 531m (EUR 509m) in fiscal year 2020-21…

Read more

Finland to start offshore wind auctions by 2024

(Montel) The Finnish government plans to start auctioning state-owned sea areas to offshore wind developers during 2023-2024,…

Read more

Carbon tops EUR 90, gas holds above EUR 100

(Montel) European carbon prices extended a month-long rally on Wednesday afternoon to breach a record EUR 90/t,…

Read more

TSOs, exchanges propose measure to tackle power decoupling

(Montel) European TSOs and power exchanges have proposed removing local second auctions in the central west Europe…

Read more

Norway must attract imports to tackle low hydro levels – EQ

(Montel) Southern Norway hydropower producers must raise prices to attract imports from the rest of Europe and avoid…

Read more

French power Cal 22 hits contract high on low nuclear supply

(Montel) France’s front-year power contract hit a fresh record high above EUR 200/MWh on Wednesday amid expectations…

Read more

France faces “power supply constraints” amid outages – TSO

(Montel) France is facing “significant constraints” on power supply amid extended maintenance outages at reactors in the country’s…

Read more

Potential early start-up of Olkiluoto 3 uncertain – operator

(Montel) Finnish nuclear operator TVO said on Wednesday it did not know if its 1.6 GW Olkiluoto 3…

Read more

Lead MEP backs keeping carbon reserve intake at 24%

(Montel) The EU should keep the 24% intake rate of EU carbon allowances into a reserve until 2030…

Read more

CO2 spirals towards EUR 90/t as another record falls

(Montel) European carbon prices reached a record high above EUR 89/t on Wednesday morning as market participants…

Read more

Sweden, Finland undecided on transmission rights

(Montel) Swedish and Finnish energy regulators are still in talks on the potential introduction of transmission rights between…

Read more

Nordic front-year power hits decade high on Germany, CO2

(Montel) Nordic power futures jumped on Wednesday – with the front year hitting an 11-year high –…

Read more

Gas prices spike to multi-week highs on outage

(Montel) Gas prices rose sharply to multi-week highs on Wednesday, spurred by news of a Norwegian gas-field…

Read more

Fledgling Finnish green H2 project receives EUR 20m funding

(Montel) Finnish green hydrogen developer P2X Solutions has attracted EUR 20m from investors, bringing plans for the country’s…

Read more

German Cal 22 tops EUR 184/MWh on record carbon

(Montel) Germany’s benchmark power contract for next year hit a fresh record high above EUR 184/MWh early on…

Read more

European gas shortages to drive prices into 2022 – bank

(Montel) Supply shortages, strong economic growth and “unexpected weather events” will likely continue to support European gas…

Read more

Pan-European GO marketplace prompts mixed reaction

(Montel) Epex Spot’s plan to launch a pan-European market for guarantees of origin (GOs) has prompted mixed reactions…

Read more

Wind power plunge supports German spot rebound

(Montel) German day-ahead power prices looked set to rebound on Wednesday as forecasts pointed to a sharp…

Read more

Oil prices retreat from Tuesday’s 3% gains

(Montel) Oil prices traded a shade down early on Wednesday, pulling back from their gains of more than…

Read more

US uses NS2 as leverage amid rising Russia-Ukraine tensions

(Montel) The US would demand a halt in the Nord Stream 2 pipeline if Russia were to invade…

Read more

Carbon keeps hitting new highs amid tight gas

(Montel) European carbon prices surged by over EUR 3 to a fresh record near EUR 85/t on Tuesday,…

Read more

German power front year marks 2-month high on new CO2 record

(Montel) The German front-year power contract soared EUR 10 to hit a fresh two-month high on Tuesday…

Read more

Turkish coal imports drop 32% on price spike

(Montel) Turkish thermal coal imports declined 32% in October to a five-month low, official data showed, as…

Read more

Gas prices gain on cold, carbon, Russian uncertainty

(Montel) European gas prices gained over 6% on Tuesday amid cooler weather forecasts, record carbon prices, and continued…

Read more

Berlin to “discuss” NS2 as Russia-Ukraine tensions rise

(Montel) Berlin was monitoring escalating tensions between Russia and Ukraine closely, incoming ministers told a press conference…

Read more

Spanish spot to fall on record wind power

(Montel) Spanish day-ahead power prices looked set to plummet on Tuesday as forecasts suggested wind generation would…

Read more

Nordic power front year nears 11-year high on rising gas

(Montel) The Nordic front-year power contract hit near an 11-year high on Tuesday as power prices were markedly…

Read more

Belgian power supplier goes bankrupt amid price surge

(Montel) Belgian power supplier Vlaamse Energieleverancier is the country’s first major supplier to go bankrupt during the…

Read more

Chinese coal imports hit 11-month high in November

(Montel) Chinese coal imports tripled on the year in November to an 11-month high of 1.18m tonnes/day…

Read more

Lithuanian utility launches 94 MW Polish wind farm

(Montel) Lithuanian power utility Ignitis has launched its 94 MW Pomerania wind farm in northern Poland, after receiving…

Read more

German spot power set to dive EUR 54 on 32 GW wind

(Montel) German day-ahead power prices looked set to drop more than EUR 54 – or 25% – on…

Read more

RWE, Novatek to cooperate on low-carbon fuels, LNG

(Montel) German utility RWE and Russian energy firm Novatek will cooperate in developing low-carbon fuels, such as hydrogen,…

Read more

Oil rises on strong demand signals, waning Omicron concerns

(Montel) Oil prices were rising on Tuesday amid signs of strong demand, while concerns over the Omicron coronavirus…

Read more

Oil and gas “essential” for energy transition – Saudi Aramco

(Montel) Fossil fuels are “essential” for the world’s transition to green energy and beyond, said the CEO of…

Read more

Extreme volatility will not deter expansion – Norlys Energy

(Montel) Norlys Energy Trading’s CEO is confident the firm will continue its plan to expand across Europe and…

Read more

Price spike fires up Dutch to exit gas

(Montel) An unprecedented spike in TTF gas prices this quarter has spurred Dutch plans to move households off…

Read more

Italy fast-tracks 350 MW of wind capacity

(Montel) The Italian government has fast-tracked about 347 MW of wind energy projects in an effort to speed…

Read more

Double down on UK price cap for net-zero CO2 – economist

(Montel) The UK’s energy price cap should not be abolished but used by government to mitigate the current…

Read more

Carbon climbs near record in bullish market

(Montel) European carbon prices rose close to their recent high in Monday trading as bullish sentiment continued to…

Read more

Polish TSO asks neighbours for help amid supply crunch

(Montel) Poland’s electricity TSO had to ask its counterparts in Germany, Lithuania, Sweden and Ukraine to provide power…

Read more

New German government won’t hinder Nord Stream 2 – expert

(Montel) Germany’s new administration may sympathise with critics of Nord Stream 2 more than its predecessor, but…

Read more

Baltic spot power climbs to record above EUR 469/MWh

(Montel) Baltic day-ahead power prices on Monday settled at a record average of EUR 469.03/MWh, with hourly peaks…

Read more

Strike at UK oil, gas fields to have “major impact” – union

(Montel) Workers at French energy firm TotalEnergies UK oil and gas facilities began strike action on Monday,…

Read more

German Greens clear way for new coalition’s energy plan

(Montel) Germany’s Green party on Monday cleared the way for a new government coalition that plans to more…

Read more

German front-year power jumps to 2-month high

(Montel) German front-year power hit a two-month high on Monday amid bullish market sentiment stemming from higher carbon…

Read more

Polish balancing, spot power hit record highs

(Montel) Polish balancing and spot power prices soared to record highs on Monday amid a tight supply situation…

Read more

Persisting demand to underpin coal prices

(Montel) European coal prices will likely draw further support this week from a lack of spot material…

Read more

Gas prices soften on milder, windier outlook

(Montel) European spot and forward gas prices eased on Monday in response to forecasts of milder and…

Read more

Nordic Jan power slumps to 2-week low on wet, mild outlook

(Montel) Nordic power front futures dropped on Monday as weather forecasts pointed to wetter, milder and winder conditions…

Read more

Voltalia signs 20-year solar PPA with 11 French firms

(Montel) French renewables firm Voltalia has signed a 20-year power purchase agreement (PPA) with 11 French companies for…

Read more

French power supplier Hydroption goes bankrupt

(Montel) French power supplier Hydroption has become the country's first independent supplier to go bankrupt, amid spiralling energy…

Read more

Gazprom will sell no gas on auction to Europe this week

(Montel) Gazprom plans no sales of gas to European customers via its auction platform (ESP) this week, the…

Read more

Danish consortium plans 400 MW electrolyser in 2028

(Montel) Three companies plan to build a large facility for green methanol production in Aalborg, Denmark, that could…

Read more

German spot power eyes 13% drop on rising wind output

(Montel) German day-ahead power prices looked set to plummet around EUR 33 as wind output was forecast to…

Read more

Equinor buys 45% stake in UK battery producer

(Montel) Norway’s Equinor has bought a 45% stake in UK battery storage developer Noriker Power for an undisclosed…

Read more

Swedish TSO activates 662 MW reserve plant to aid Poland

(Montel) Swedish TSO Svenska Kraft has activated a 662 MW reserve oil-fired power plant – Karlshamnsverket – in…

Read more

Denmark agrees to add 2 GW offshore wind by 2031

(Montel) A majority in the Danish parliament has agreed to add 2 GW of offshore wind capacity by…

Read more

Oil rises but concerns over Omicron restrictions remain

(Montel) Oil was rising on Monday but concerns around the Omicron coronavirus variant and potential restrictions to temper…

Read more

CO2 pares gains following record

(Montel) European carbon prices retreated from the morning’s record high above EUR 80/t and looked set to…

Read more

German power front month gains on higher gas, colder outlook

(Montel) German front-month power prices edged higher on Friday amid gas market strength and slightly colder forecasts for…

Read more

Germany needs 5.5 GW onshore wind growth annually – lobby

(Montel) Germany will need to add 5.5 GW of onshore wind annually – more than double its…

Read more

EU ministers urge clarity on gas, nuclear green status

(Montel) EU energy ministers continue to urge the European Commission to clarify as soon as possible if nuclear…

Read more

Carbon options guide market higher

(Montel) European carbon prices have scaled EUR 80/t on the back of bullish sentiment linked to the…

Read more

Italy to add up to 1 GW solar capacity in 2021 – lobby

(Montel) Italy is expected to end the year with 950 MW-1 GW of new solar capacity, which is…

Read more

Gas prices rise as storage withdrawals speed up

(Montel) Most European gas prices rose on Friday as withdrawal levels at gas storage facilities were speeding up…

Read more

EC to explore options to mitigate power price volatility

(Montel) The European Commission plans to explore options to help mitigate power price volatility without distorting the EU’s…

Read more

Nordic power January, Q1 rise on cold, spot may soar

(Montel) The Nordic power front month and front quarter rose on Friday in response to some colder…

Read more

Italy’s CO2 emissions set to jump near 5% this year

(Montel) Italy’s carbon emissions looked set to rise 4.8% this year amid an economic recovery and increased mobility…

Read more

Chevron halts second Australian Gorgon LNG train

(Montel) Chevron has suspended production from its 5.2m tonne/year (7bcm) Gorgon LNG train 3 production line in…

Read more

No quick fix for global gas supply crisis – Cedigaz

(Montel) The gas market will see “no quick fix” to undersupply this winter that has driven prices…

Read more

German spot power eyes record high next week on low wind

(Montel) German spot power prices on Friday looked set to climb to a record high average next…

Read more

Carbon breaches EUR 80/t as momentum persists

(Montel) European carbon prices have extended a bull run on Friday morning to push through a record…

Read more

RWE warns of winter gas supply issues at two plants

(Montel) German power plant operator RWE has warned of gas supply issues at two of its power plants…

Read more

Crude prices rise in wake of Opec+ move to boost output

(Montel) Crude oil was higher early on Friday in the wake of an Opec+ decision to increase supplies…

Read more

CO2 rises to new highs, coal edges upwards

(Montel) European carbon prices rose to new highs in Thursday trading, of nearly EUR 80/t, while coal…

Read more

Germany, Austria sign gas supply security deal

(Montel) Germany and Austria have signed a deal to ensure gas supply between the two countries in case…

Read more

Opec+ agrees to boost supply by 0.4m bbl/day in Jan

(Montel) Opec and its Russia-led partners agreed on Thursday to increase oil supply in January by 0.4m bbl/day,…

Read more

Berlin appoints second top official for energy policy

(Montel) Germany’s incoming government has appointed Greens parliamentarian Oliver Krischer as the second top official in the…

Read more

Italy joins France, Spain in call for power market reforms

(Montel) Italy has joined France and Spain in calling for power market reforms to reduce the impact of…

Read more

Carbon hits fresh high, eyes EUR 80/t

(Montel) European carbon prices extended their recent streak of gains to hit a record approaching EUR 80/t…

Read more

Glencore coal output to rebound once virus recovery complete

(Montel) Glencore’s coal production will recover in line with a global pandemic recovery following a sharp decline…

Read more

German front-week power dives EUR 30 on mild, windy outlook

(Montel) Germany’s front-week power contract dived EUR 30 on Thursday amid forecasts of milder, windier weather.…

Read more

Nine EU nations back current power market design

(Montel) Nine EU countries including Germany want to keep the current wholesale power market design despite soaring energy…

Read more

Gas prices soften 5% on milder weather

(Montel) European spot and forward gas prices fell back on Thursday in response to forecasts of milder…

Read more

Asia-Pacific coal prices slip with easing China concerns

(Montel) The Pacific basin’s leading coal index fell 4% in the week through until Wednesday, tracking weakness…

Read more

Nordic power extends losses amid milder weather outlook

(Montel) Nordic power futures on Thursday were extending losses seen so far this week amid expectations of an…

Read more

Iberdrola plans 1 GW H2 plant for green steel in Iberia

(Montel) Spanish utility Iberdrola has agreed to develop a 1,000 MW green hydrogen plant in the Iberian Peninsula…

Read more

German spot power to shed 30% amid robust wind

(Montel) German day-ahead power prices looked set to drop almost 30% on Thursday as forecasts suggested higher…

Read more

German finance ministry affirms anti-nuclear taxonomy stance

(Montel) Germany will maintain its stance against nuclear power as a sustainable investment in the EU taxonomy, a…

Read more

Oil prices rebound as Opec+ weighs Omicron impact

(Montel) Benchmark Brent crude oil prices clawed back from the previous session’s 14-week low early on Thursday as…

Read more

Nord Pool price failure caused by cable flow counting error

(Montel) Nord Pool’s erroneous system price calculations for much of November was caused by a system bug that…

Read more

Finland’s Neova to exit peat for energy production next year

(Montel) Finnish state-owned peat giant Neova will halt peat production for energy in Finland from next year, citing…

Read more

German wind power output hits new record high 47.1 GW

(Montel) German wind power generation hit a fresh record high of 47.1 GW on Tuesday, TSO data compiled…

Read more

Spain's gas demand soars 27% in November

(Montel) Spanish gas consumption soared by 27.3% year on year in November to 40 TWh amid higher conventional…

Read more

Little risk of power outages in EU this winter – TSOs

(Montel) There is generally little risk of power outages in the EU this winter, even with high gas…

Read more

“Mental” UK power hits multi-year highs

(Montel) UK front-month power prices have hit multi-year highs on Wednesday amid concerns of tight supply and…

Read more

Prompt gas prices rebound with supportive weather

(Montel) Prompt European gas prices edged higher on Wednesday morning as cold weather and elevated storage drawdowns…

Read more

Nordic power front futures drop on milder weather outlook

(Montel) Nordic power front contracts dropped on Wednesday as weather forecasts indicated milder conditions in the coming two…

Read more

Carbon gains almost EUR 2 to new record above EUR 77/t

(Montel) European carbon prices rose by almost EUR 2 on Wednesday to a record high above EUR 77/t…

Read more

Amazon boosts EU green energy portfolio by 944 MW

(Montel) Amazon has announced 944 MW of new investments wind and solar projects in Finland, Germany, Italy, Spain…

Read more

German green plans to increase price volatility – Volue

(Montel) Plans by the incoming German government to expand renewable energy capacity would “significantly increase seasonal power price…

Read more

Italy power prices seen at EUR 70-75 in 2025-2035 – Aurora

(Montel) Italian baseload power prices are set to stabilise around EUR 70-75/MWh in the 2025-2035 period following short-term…

Read more

Acer approves long-term transmission rights rules

(Montel) EU energy regulatory agency Acer has approved harmonised capacity allocation rules for long-term transmission rights intended to…

Read more

Newcastle coal exports slip to 6-month low on disruptions

(Montel) Combined exports from two key terminals at Australia’s main coal export hub of Newcastle fell to…

Read more

German spot power to double to exceed EUR 200 as wind drops

(Montel) German day-ahead power prices looked set to more than double, surging to in excess of EUR…

Read more

Oil prices rise ahead of key Opec meetings

(Montel) Oil prices rose around 3% early on Wednesday ahead of key meetings of Opec and its Russia-led…

Read more

Renewable energy growth must double for net zero goals – IEA

(Montel) The world looks set to add a record level of renewable energy capacity in 2021, although the…

Read more

UK ETS authority to unveil intervention decision by 14 Dec

(Montel) The UK ETS authority will decide in the coming two weeks if and how it will intervene…

Read more

Spain industry eyes output cuts if gas hits EUR 100 – Mibgas

(Montel) Industrial production in Spain could face cuts if gas prices hit EUR 100/MWh, exchange Mibgas told Montel…

Read more

Dutch Onyx to receive EUR 212m to close 731 MW coal plant

(Montel) The Dutch government will pay up to EUR 212.5m in compensation to the Onyx Power for an…

Read more

CO2 jumps EUR 1 on cold outlook, bullish gas

(Montel) European carbon prices rose by more than EUR 1 on Tuesday, as cold weather forecasts and a…

Read more

EC set to clarify nuclear, gas green status next week

(Montel) The European Commission is preparing to settle whether nuclear and natural gas are “green” investments in an…

Read more

Russia’s healthy 2021 coal output may start to slow

(Montel) Russian hard coal production grew nearly 10% in January-October, with producers emboldened by high export prices,…

Read more

EC to propose hydrogen additionality rules “soon”

(Montel) The European Commission plans to propose detailed technical “additionality” rules for using renewable power to produce green…

Read more

France may have to delay reactor closures – IEA

(Montel) France may need to delay the planned closure of 12 of its 56 nuclear power reactors by…

Read more

French gas stocks sufficient for “very cold winter” – TSO

(Montel) France will have enough gas to meet demand this winter even if it is very cold,…

Read more

Majority of Spanish industrial power for 2022 unhedged

(Montel) Most Spanish industrials have not hedged their power demand for 2022, meaning they face greater risk amid…

Read more

German front-month power jumps EUR 30 on cold

(Montel) Germany’s front-month power contract jumped EUR 33 intraday on Tuesday on the back of forecasts predicting…

Read more

Red tape blocks renewables construction – Spain lobby

(Montel) Renewables developers face an “unbridgeable hurdle” as red tape blocks construction in countries such as Spain and…

Read more

January gas rises as forecasts turn colder

(Montel) The European gas front month gained on Tuesday, as forecasters warned of colder weather lasting longer than…

Read more

France, Germany plan deal on adding nuclear to EC green list

(Montel) France will strike a deal in the “following days” with Germany over its bid to get nuclear…

Read more

Dark spreads soar amid plunging coal prices

(Montel) European coal-fired plant profit margins – or clean dark spreads – have surged to well over…

Read more

UK’s Glennmont buys 99 MW Spanish wind portfolio

(Montel) Glennmont Partners has bought a 99 MW wind portfolio in Spain from Saudi Arabian firm Alfanar, the…

Read more

Skarta plans 100 MW solar farm in Finland

(Montel) Skarta Energy has plans to build a 100 MW solar farm in north-western Finland at a cost…

Read more

Google signs 50 MW PPA with Orsted for German offshore wind

(Montel) Danish energy company Orsted has signed a 12-year power purchase agreement (PPA) with Google for the IT…

Read more

German front-week power jumps more than EUR 60

(Montel) Germany’s front-week power contract jumped more than EUR 60 early on Tuesday, as forecasts showed cold weather…

Read more

UK could reduce gas demand 50% by 2031 – TSO

(Montel) UK gas demand could potentially decline by 50% over the coming decade if clean energy-transition technologies…

Read more

Price error erodes trust in Nordic power market – Nasdaq

(Montel) Erroneous system price calculations by the Nord Pool exchange have eroded trust in the Nordic financial power…

Read more

German spot power eyes 3-week low amid robust wind output

(Montel) German day-ahead power prices looked set to drop almost EUR 21 on Tuesday as forecasts pointed to…

Read more

Oil prices fall as Omicron continues to spook market

(Montel) Oil prices were falling on Tuesday – after a 10% dive on Friday – as fears over…

Read more

EU industry must cut 173m t CO2 by 2030 – BNEF

(Montel) The EU will need industry covered by the ETS to cut its greenhouse gas emissions by 173m…

Read more

Coal bucks trend of high fuels amid China woes

(Montel) European coal bucked the trend of firmer energy markets on Monday, including carbon, gas and power, due…

Read more

Italy gas stocks healthier than other Europe nations – Snam

(Montel) Italy has healthier gas inventories than other European countries and should have no difficulty meeting domestic winter…

Read more

Sappi Finland to phase out 800 GWh coal use

(Montel) South African paper and pulp group Sappi will phase out coal at its Kirkniemi mill in Finland…

Read more

German Cal 22 power rises to 7-week high with gas, carbon

(Montel) German power prices rose on Monday amid a cooler weather outlook which also boosted gas and carbon…

Read more

EU’s Q2 emissions remain below pre-pandemic levels

(Montel) EU greenhouse gas emissions remained below pre-pandemic levels in the second quarter of this year, the EU’s…

Read more

Coal barge constraints to Germany show signs of easing

(Montel) Rising river levels could see ongoing constraints on coal barge traffic earmarked for German power plants…

Read more

Gazprom plans no gas auction sales to Europe this week

(Montel) Gazprom will not sell gas to European customers via its auction platform (ESP) this week, it said…

Read more

Spanish solar projects face 1-year delays – industry

(Montel) Solar developers in Spain are faced with project delays of up to a year as increased material…

Read more

Italian TSO to invest EUR 23bn in green transition to 2030

(Montel) Italian gas TSO Snam is planning to invest EUR 23bn to 2030 to enable the country’s green…

Read more

Nordic price error hits EUR 47m worth of trades – Shepherd

(Montel) Nord Pool’s failure to calculate the correct Nordic system price since 9 November has affected financial market…

Read more

Gas prices rise more than EUR 8 on cold, expiry

(Montel) European gas prices rose by more than EUR 7 on Monday morning as cold temperatures boosted demand…

Read more

Spanish spot power to trade steady, futures rise

(Montel) Spanish power spot prices looked set to trade largely sideways this week, although futures gained on Monday…

Read more

French solar sector files appeal against subsidy cut

(Montel) France's solar sector has filed an appeal with the council of state in a bid to annul…

Read more

Engie, BASF sign 25-year, 20 TWh Spanish PPA

(Montel) Engie has signed a 25-year power purchase agreement (PPA) with German chemicals group BASF for 20.7 TWh…

Read more

LNG imports slump 70% to 0.7bcm

(Montel) Seaborne LNG deliveries to key European destinations slumped more than 70% last week to 0.7bcm, with…

Read more

Nordic December power jumps EUR 30 on record spot

(Montel) Nordic power futures jumped sharply on Monday morning, with the December contract and Q1 hitting new highs…

Read more

Carbon rallies 3% to new peak on colder weather

(Montel) European carbon prices have rallied more than 3% to a new record high early on Monday on…

Read more

Italy TSO buys 49.9% stake in Algerian pipelines from Eni

(Montel) Italy’s gas TSO Snam has agreed to buy a 49.9% stake in pipelines carrying Algerian gas into…

Read more

Verbund acquires first Spanish solar project (150 MW)

(Montel) Austrian utility Verbund has acquired a 150 MW solar park in Spain from German renewables developer Baywa…

Read more

Oil claws back losses after Omicron fears sparked sell-off

(Montel) Oil was rebounding on Monday after the new Omicron variant of Covid-19 spooked markets on Friday, with…

Read more

UK energy system is “broken” – Nippon Electric Glass

(Montel) The UK energy system is “broken” with high power prices and government plans to decarbonise creating an…

Read more

Nordic spot hits new highs despite erroneous settlements

(Montel) Nordic spot power for Monday settled at a record high EUR 246.86/MWh after a weekend in which…

Read more

Nord Pool sets incorrect system price since 9 November

(Montel) Power exchange Nord Pool has made errors in the calculation of the Nordic day-ahead power price, the…

Read more

Energy complex dives on African variant

(Montel) European energy prices slid across the board on Friday dragged down by reports of a new Covid…

Read more

Vattenfall stops market making for Swedish, Finnish Epads

(Montel) Swedish utility Vattenfall will no longer act as a market maker for price differential contracts (Epads) in…

Read more

German Cal 22 power slips with fuels, CO2, Covid fears

(Montel) German front-year power shed up to 4% on Friday amid a combination of softer prices for gas,…

Read more

Nordic spot power hits fresh record at EUR 228

(Montel) The benchmark Nordic system price hit a record for the second day running on Friday, settling at…

Read more

German renewables expansion to lower power prices – Aurora

(Montel) The incoming German government’s plans to radically expand renewable energy were likely to depress wholesale power…

Read more

German weather to stay mild, windy throughout December

(Montel) German weather should stay mild throughout December after a cold and rainy period early next week, with…

Read more

Gas prices retreat amid coronavirus variant worries

(Montel) European gas futures fell in line with other energy commodities on Friday as news of a…

Read more

Carbon sinks EUR 4 with volatility set to persist

(Montel) European carbon prices sank almost EUR 4 on Friday – having hit consistent record highs this week…

Read more

German spot power to drop next week as wind strengthens

(Montel) German spot power prices on Friday looked set to fall from current highs next week amid…

Read more

Nordic power slides EUR 6 as coronavirus concerns weigh

(Montel) Nordic power futures slid up to almost EUR 6 on Friday amid plunging prices across Europe and…

Read more

Foresight plans 800 MW Spanish solar by 2023

(Montel) Foresight plans to double its solar capacity in Spain to 800 MW over the next two years,…

Read more

Carbon slides to 2-day low amid fresh Covid fears

(Montel) European carbon prices shed almost EUR 4, dropping to a two-day low on Friday amid concerns around…

Read more

Enea's power output rises 16% in January-September

(Montel) Polish state-run utility Enea generated 19.5 TWh of power in January-September, 2.7 TWh more than a year…

Read more

Crude prices fall on concerns about oversupply, pandemic

(Montel) Crude oil prices were down more than 2% early on Friday on concerns about oversupply ahead…

Read more

EU power prices could spiral 30% in cold winter – Volue

(Montel) German and French power prices could spiral around 30%, or EUR 79 and EUR 96, respectively, from…

Read more

Surging CO2 hits new record high

(Montel) European carbon prices hit a new record high above EUR 74/t on Thursday afternoon underpinned by overall…

Read more

Portugal exits coal as Spanish plants persist

(Montel) Portugal will officially exit coal generation next Tuesday with the closure of Pego (628 MW), the country’s…

Read more

Italian GO prices rise in Nov, trading volumes halve

(Montel) Prices for Italian guarantees of origin (GO) climbed month on month in November, though trading volumes more…

Read more

German H2 demand will surge to 500 TWh by 2050 – TSOs

(Montel) Germany's hydrogen demand is expected to soar seven-fold from 72 TWh in 2030 to 504 TWh…

Read more

Carbon extends rally to new heights above EUR 74/t

(Montel) European carbon prices set a new peak above EUR 74/t on Thursday amid a mix of speculative…

Read more

Spain to install 3 GW of new solar this year – lobby

(Montel) Spain was set to install more than 3 GW of unsubsidised solar capacity by the end of…

Read more

German energy plans hinge on CO2 pricing

(Montel) The incoming German government’s plans to introduce a carbon price floor underscored its intention to use…

Read more

Ukraine seeks coal amid halt to Russian exports

(Montel) Russia has unofficially halted exports of thermal coal to Ukraine, leaving the country’s energy firms scrambling…

Read more

Bulb hedging strategy to remain unchanged – experts

(Montel) Bulb’s hedging strategy is likely to remain unchanged after the UK energy provider entered into a special…

Read more

Gas prices rise on Nord Stream 2, cold weather fears

(Montel) European gas prices rose on Thursday amid fears of a significant delay in Nord Stream 2 pipeline…

Read more

Rooftop solar demand jumps on Europe’s energy crisis

(Montel) Europe’s energy price crisis has seen a boost in demand for rooftop solar projects, with capacity set…

Read more

OX2 plans 5 GW offshore wind in Baltic Sea by 2030

(Montel) Swedish wind developer OX2 and Finnish fund manager Alandsbanken Fondbolag plan to build a 5 GW wind…

Read more

Endesa boosts 2022 power price forecast to EUR 83

(Montel) Spanish utility Endesa expected spot power prices to average EUR 83/MWh in 2022 compared with the EUR…

Read more

Russian coal mine fire may impact 0.4m tonnes/month exports

(Montel) A fire at a Russian coal mine could impact 0.4m tonnes/month of coal supply to the…

Read more

Nordic spot power prices set to jump amid cold spell

(Montel) Nordic spot power prices were set to jump amid a cold spell forecast to start this weekend,…

Read more

UK CO2 cost curbs to be triggered but uncertainty remains

(Montel) The UK’s cost containment mechanism (CCM) for its fledgling carbon market – UK ETS – looks certain…

Read more

Endesa raises 2030 renewables target by 33%

(Montel) Endesa has raised its renewables capacity target by 33% to 24 GW in Iberia by the end…

Read more

NS2 flows unlikely to start before Sept – Energy Aspects

(Montel) The contested Russia-Germany Nord Stream 2 gas pipeline is unlikely to start commercial flows before September next…

Read more

Draw to decide developer of 1 GW Danish wind farm

(Montel) Denmark’s energy agency will conduct a draw on 1 December to decide the winner of a recent…

Read more

Oil drifts sideways as market awaits Opec’s next move

(Montel) Oil futures traded little changed early on Thursday as market participants awaited how Opec and its Russia-led…

Read more

German spot power eyes EUR 30 drop on rising wind output

(Montel) German day-ahead power looked set to shed over EUR 30 on Thursday as forecasts pointed to…

Read more

Portugal to auction 263 MW of floating solar in reservoirs

(Montel) Portugal will launch an auction on Friday for 263 MW of floating solar capacity in some…

Read more

PGNiG’s wholesale gas sales rise 19% in Jan-Sept

(Montel) Polish gas monopoly PGNiG sold 7.8bcm of natural gas to the wholesale market on the TGE bourse…

Read more

Spanish gas demand to jump on colder weather – TSO

(Montel) Low temperatures forecast in the days ahead would see an "extraordinary increase" in Spanish gas demand with…

Read more

EPR power 3 times as costly as renewables – Greenpeace

(Montel) Power from the under-construction European pressurised reactor (EPR) at Flamanville in France would be three times as…

Read more

Coal extends 1-month high, new CO2 record

(Montel) European coal prices extended four-week highs in Wednesday trading on a lack of spot cargoes, buoyant…

Read more

Germany mulls capacity mechanism amid fast green transition

(Montel) The incoming German coalition government is mulling the implementation of a capacity mechanism to provide back-up power…

Read more

Carbon tops EUR 73/t on German ETS price floor plan

(Montel) European carbon prices rose to a fresh record high on Wednesday above EUR 73/t on proposals by…

Read more

Germany aims for ETS price floor of EUR 60/t

(Montel) The incoming German government wants to push for a carbon price floor of EUR 60/t for the…

Read more

German coalition seeks 2030 coal, 2045 gas exits

(Montel) An incoming German government will seek to bring forward the country’s coal exit to 2030 and eliminate…

Read more

German power front year gains with gas, coal

(Montel) The German power benchmark front-year contract gained on the back of higher gas and coal prices…

Read more

Growing risk appetite may boost PPA market – Axpo

(Montel) A shifting attitude to risk, which is seeing providers of power purchase agreements (PPAs) ready to take…

Read more

Ilmatar plans 500 MW wind power in Finland

(Montel) Finnish renewables developer Ilmatar is planning to build two onshore wind farms with combined capacity of 350-500…

Read more

Enel plans to exit gas generation by 2040 to meet net zero

(Montel) Italian utility Enel plans to exit gas-fired generation by 2040, replacing its thermal fleet with new renewables…

Read more

French spot power nudges year high on cold weather outlook

(Montel) French day-ahead power prices touched a one-year high on Wednesday and could climb further early next…

Read more

Gas front-month futures flatten on steady supply

(Montel) After jumping more than EUR 5 in the prior session, front-month European gas contracts traded flat on…

Read more

RWE boosts Italy onshore wind to 456 MW after auction

(Montel) German utility RWE has boosted its Italian onshore wind generation capacity to 456 MW after it was…

Read more

Aaland islands seek 4 GW of offshore wind by 2030

(Montel) The Aaland islands in the Baltic Sea hope to develop 4 GW of offshore wind power by…

Read more

Europe, west Mediterranean LNG imports jump 6% in November

(Montel) European and west Mediterranean LNG imports have risen 5.6% in November from the same period last…

Read more

Nordic power futures rise amid extended cold outlook

(Montel) Nordic power futures rose on Wednesday as forecasts showed an extended period of colder and drier weather…

Read more

Cold to drive power demand 8% above normal – analyst

(Montel) A current cold spell should drive European power demand until the end of November, with some countries…

Read more

German spot power to ease with more wind

(Montel) German day-ahead power prices looked set to retreat from a seven-week high on Wednesday as forecasters…

Read more

Oil extends gains after US announces release of reserves

(Montel) Oil futures extended the previous day’s gains early on Wednesday, a day after the US announced it…

Read more

Italy TSO to hold new capacity auction on 21 February

(Montel) Italian TSO Terna will hold a new capacity market auction on 21 February at 10:00 CET for…

Read more

Finnish TSO pursues 100% transmission capacity for market

(Montel) EU rules requiring TSOs to allocate at least 70% of all cross-border transmission capacity to the market…

Read more

Carbon flat on profit-taking, technicals

(Montel) European carbon prices traded largely sideways on Tuesday, correcting from Monday’s new record above EUR 71/t…

Read more

No sign of ice disruptions for Baltic Sea coal exporters

(Montel) Russian coal exporters to Europe are unlikely to face any significant ice-related disruptions to shipping in…

Read more

Polish spot power hits record high above EUR 158/MWh

(Montel) Polish day-ahead prices for baseload power settled at a record high of PLN 747.49/MWh (EUR 158.70/MWh) at…

Read more

German Cal rises with gas, peak spot hits 15-year high

(Montel) German power for delivery next year rose on Tuesday, driven by higher gas prices amid a cooler…

Read more

Poland's power exports surge by 5.5 TWh in Jan-Oct

(Montel) Poland's power exports surged 5.5 TWh year on year to 6.8 TWh in January-October, data from TSO…

Read more

European coal jumps 6% to 1-month high

(Montel) European coal prices for delivery next quarter jumped more than 6% to a four-week high on…

Read more

Nordic Dec power drops on milder weather, Norway export curb

(Montel) The Nordic front-month power contract fell back on Tuesday amid forecasts of milder weather in December…

Read more

Norway TSO slashes export capacity to Sweden in tit for tat

(Montel) Norwegian TSO Statnett will slash available export capacity from Norway’s NO1 bidding zone to Sweden’s SE3 area…

Read more

Utility, aggregated PPAs may lure small firms – experts

(Montel) Utility and aggregated power purchase agreements (PPA) could become the likely ways to lure small and medium…

Read more

La Nina forms in Pacific, may bring cold to Europe

(Montel) A La Nina weather event, associated with long periods of colder weather in major energy-demand areas…

Read more

No alternatives to curbing power exports – Swedish TSO

(Montel) Swedish TSO Svenska Kraftnat said occasional cuts in transmission capacity to neighbouring counties would still be necessary…

Read more

US extends Nord Stream 2 sanctions to Russian vessel

(Montel) The US has extended its sanctions against Russia’s Nord Stream 2 gas pipeline project to a…

Read more

German spot power set to jump 16% as wind output drops

(Montel) German day-ahead power prices looked set to rise by around EUR 38 on Tuesday as forecasts indicated…

Read more

Nasdaq urges fewer Nordic bidding zones to boost liquidity

(Montel) The Nasdaq Commodities exchange has urged a reduction of the number of bidding zones in the region…

Read more

Germany, Australia to develop hydrogen export plan

(Montel) Germany and Australia have entered a partnership to help develop the latter’s clean hydrogen export industry,…

Read more

Oil prices fall amid US-led pact to release reserves

(Montel) Oil prices were falling on Tuesday amid a US-led plan to release crude from its strategic reserve…

Read more

Congestion hampers Europe’s coal vessel arrivals

(Montel) Congestion at Europe’s main coal import hub of Rotterdam remains substantial amid favourable generation margins, driving…

Read more

German court rules against balancing market price cap

(Montel) A court has ordered Germany’s energy regulator BNA and TSOs to suspend a EUR 9,999.99/MWh price…

Read more

Nord Stream 2 may face delay until next autumn – think tank

(Montel) A suspension of German regulator BNA’s certification process for the contested Russia-Germany Nord Stream 2 gas…

Read more

Carbon hits new high on strong sentiment

(Montel) European carbon prices extended last week’s gains to climb to a record above EUR 71/t on…

Read more

German December power falls with gas, milder weather

(Montel) The German power front-month contract lost up to EUR 11.50 on Monday amid easing gas prices…

Read more

UK spot power price tops GBP 1,000 on wind dearth, cold

(Montel) UK day-ahead power prices more than doubled on Monday to exceed GBP 1,000 as already subdued wind…

Read more

Spanish spot power prices to rise on higher demand

(Montel) Spanish day-ahead power prices could rise this week on stronger demand and lower renewables supply.…

Read more

Gazprom plans no gas auction sales to Europe this week

(Montel) Gazprom will not sell gas to European customers via its auction platform (ESP) this week, it said…

Read more

Gas prices dive 5% on Covid measures, milder weather

(Montel) European spot and forward gas prices continued to drop on Monday in response to fears of…

Read more

OX2 plans 4.8 GW offshore wind power in Finland

(Montel) Swedish wind power developer OX2 has plans to develop two offshore wind farms off Finland’s western coast…

Read more

Europe flow-based coupling expansion delayed to Q2

(Montel) TSOs and power exchanges in 13 European countries have delayed the expansion of flow-based power market…

Read more

Nordic Q1 power hits 2-month high on cold weather outlook

Nordic power for delivery next quarter rose to a fresh two-month high on Monday amid a colder…

Read more

Carbon breaches EUR 70/t as rally extends

(Montel) European carbon prices breached EUR 70/t for the first time on Monday as the market extended…

Read more

UK to invest GBP 9.4m in Scottish hydrogen project

(Montel) The UK will invest GBP 9.4m to build the country’s largest electrolyser to produce hydrogen at Scottish…

Read more

German spot power eyes 1-week high on stronger demand

(Montel) German day-ahead power prices looked set to rise to their highest levels in a week on…

Read more

Crude tumbles to 7-week lows on lockdown concerns

(Montel) Crude oil prices hit a seven-week low on Monday as concerns abounded regarding demand destruction with Europe…

Read more

Steelmaker cancels German switch after French price pledge

(Montel) German steelmaker Saarstahl has cancelled plans to transfer 40% of production at its Ascoval plant in…

Read more

Gas, CO2 prices fall on technical correction

(Montel) European carbon and gas prices were falling on Friday in a technical correction, following a week of…

Read more

Nordic regulators urge Sweden to boost cross-border capacity

(Montel) Energy regulators from Denmark, Finland and Norway have urged Sweden to increase cross-border capacity to help level…

Read more

German Cal 22 power drops on lower gas, lockdown worries

(Montel) Germany’s benchmark power contract lost EUR 6 on Friday amid falling gas prices and intensifying worries regarding…

Read more

Gas prices slide EUR 4 on more LNG, Covid fears

(Montel) European gas prices slid up to EUR 4 on Friday amid a technical correction and pressured by…

Read more

12 EDF reactors will be under 10-year inspections in 2022

(Montel) EDF will shut down seven of its 56 nuclear reactors in France next year for 10-year…

Read more

German industrials face barriers to offshore wind investment

(Montel) Despite concerns around skyrocketing power prices among German energy-intensive firms most exposed, attempts to mitigate that…

Read more

EUAs brace for EUR 70/t, eye EUR 80/t by year end

(Montel) European carbon prices are bracing for an imminent surge to EUR 70/t after emission allowances set a…

Read more

Finland to use EUR 60m coal phase-out funds for renewables

(Montel) Finland’s economy ministry will redirect EUR 59.45m reserved for coal decommissioning projects to renewable energy investments.…

Read more

Nordic power futures fall amid milder outlook

(Montel) Nordic power futures fell amid a milder weather outlook on Friday, though strong fuels and carbon prices…

Read more

CO2 values would enhance GO market transparency – experts

(Montel) European guarantees of origin (GOs) would benefit from the addition of CO2 values by boosting market transparency,…

Read more

French court casts doubt on new EPR deadlines, costs

(Montel) France’s Court of Auditors has expressed doubts about the country's ability to build new European pressurised reactors…

Read more

German spot power set to climb as wind, temperatures drop

(Montel) German spot power prices on Friday looked set to shoot higher next week with less wind…

Read more

Crude prices rise on concerns about possible reserve release

(Montel) Crude oil was higher early on Friday on concerns about the potential impact of the US, the…

Read more

Former Eon head Teyssen to join Swiss Alpiq

(Montel) Former Eon CEO Johannes Teyssen will join Swiss utility Alpiq to lead the board of directors from…

Read more

Esma preliminary carbon market report finds no abuse

(Montel) The EU’s financial watchdog has found no evidence of market abuse in Europe’s carbon market, while…

Read more

Coal edges higher, CO2 hits new high

(Montel) European coal prices edged higher on Thursday amid persistent generation demand, continued constraints to prompt supply…

Read more

Outages set to cut French winter nuclear capacity by 4.1 GW

(Montel) EDF faces the loss of an additional 4.1 GW of French nuclear capacity this winter, with outages…

Read more

German power front week falls more than EUR 10 with gas

(Montel) The front week and front month contracts lost more than EUR 10 on Thursday, as the…

Read more

China “muddies” LNG waters as ships turn off tracking

(Montel) As many as 30 LNG vessels have turned off their vessel-tracking beacons, potentially skewing near-term supply-demand…

Read more

Spain set to “relax” energy market interventions – lobby

(Montel) The Spanish government was likely to “relax” its energy intervention push, after passing several controversial measures, Marina…

Read more

Gas prices slide in improved flows, lower demand

(Montel) European gas prices traded lower on Thursday morning amid increased pipeline flows from Norway, rising wind power…

Read more

Hydropower GOs rise on Norway exit fears

(Montel) Prices for European hydropower guarantees of origin (GOs) rose during the week to Thursday amid concerns over…

Read more

Russia must boost gas exports to Europe by 15% – IEA

(Montel) Russia must increase its gas supply to Europe by 15% to drive down soaring prices in…

Read more

Asia-Pacific coal prices ease as China winter risk wanes

(Montel) The Pacific basin’s leading coal index has fallen 9% week on week amid a continued build-up of…

Read more

Nordic power drops on milder outlook, lower German prices

(Montel) Nordic power futures were trading markedly down on Thursday amid a milder weather outlook and falling German…

Read more

Axpo expects no Beznau outages due to lifetime extensions

(Montel) A planned revamp of the Swiss utility Axpo’s two Beznau reactors (365 MW each) to allow lifetime…

Read more

Norway needs more power supply – Statnett chair

(Montel) Norway needs more power generation to meet a strong growth in demand over the next decades, the…

Read more

German spot power to drop on more wind, less demand

(Montel) German day-ahead power looked set to fall around 12% on Thursday as forecasts indicated more wind output…

Read more

Oil prices extend 6-week low amid inflation worries

(Montel) Benchmark crude oil prices slumped to fresh six-week lows early on Thursday, as the US – the…

Read more

Aukera to develop 2.7 GW of green projects in Europe in 2022

(Montel) Development platform Aukera Energy is planning to realise 2.7 GW of new renewable projects – including storage…

Read more

Esma again postpones carbon market report

(Montel) The EU’s financial watchdog has postponed the release of a report examining trading behaviour in the…

Read more

Italy gas lobby calls for release of strategic gas reserves

(Montel) Italy should release part of the country’s 4.6bcm strategic gas reserves to industrial companies at half…

Read more

European PPA prices drop 6% in October, led by UK – Pexapark

(Montel) European power purchase agreement (PPA) prices fell 5.6% on the month to EUR 53.90/MWh in October amid…

Read more

CO2 eyes EUR 70 after hitting fresh record

(Montel) European carbon prices rose to a fresh record on Wednesday above EUR 68/t, driven mainly by a…

Read more

German gas import prices more than double in September

(Montel) The prices of German gas imports grew 127.3% year on year in September to average EUR…

Read more

Carbon breaches EUR 68/t to hit fresh record high

(Montel) European carbon prices rose above EUR 68/t on Wednesday in a fresh all-time high driven by buoyant…

Read more

German Q1 power jumps 10% amid gas price rally

(Montel) Germany’s Q1 power contract rose 10% on Wednesday, as gas prices jumped to their highest in a…

Read more

Soaring coal demand pressures logistics infrastructure

(Montel) Soaring coal demand in western Europe is putting pressure on the region’s logistics infrastructure, with vessel…

Read more

Gas prices jump to 1-month high on possible NS2 delay

(Montel) European gas prices jumped more than EUR 11 to their highest in a month on Wednesday…

Read more

Europe’s coal imports may rise 27% to near 2-year high

(Montel) Northwest European imports of thermal coal could rise 27% on the year this month to a…

Read more

Nordic Q1 power jumps 6% on high gas, German power

(Montel) Nordic power for Q1 soared EUR 4.55, or 6%, to a fresh six-week high of EUR 79.25/MWh…

Read more

German TSOs expect sufficient winter gas supply

(Montel) Germany’s gas TSOs expect sufficient winter gas supply despite continuing high prices, they said on Wednesday.…

Read more

Macron announces “massive” EUR 2bn boost to H2 production

(Montel) French president Emmanuel Macron has announced EUR 1.9bn to boost green hydrogen production, in addition to its…

Read more

German spot power to drop as renewables output soars

(Montel) German day-ahead power prices looked set to plunge on Wednesday as wind and solar generation were…

Read more

Spain targets 9 GW of rooftop solar by 2030 – ministry

(Montel) Spain looks set to install at least 9 GW of rooftop solar capacity by 2030, under a…

Read more

Suspended NS2 certification supports gas rally

(Montel) European gas prices surged to a three-week high on Tuesday after German regulators suspended a certification…

Read more

NS2 suspension will prolong decision deadline – BNA

(Montel) The decision over the certification of Nord Stream 2 faces a new deadline following the suspension…

Read more

German Cal 22 power hits near 4-week high on strong gas

(Montel) German power for delivery in 2022 rose near a four-week high on Tuesday on strong gas prices…

Read more

Gas prices spike to 3-week highs on Nord Stream 2

(Montel) European gas prices spiked more than 10% in early Tuesday trading to three-week highs, with lingering…

Read more

Nordic Q1 power hits near 6-week high on colder weather

(Montel) Nordic power futures rose on Tuesday, with both the Q1 and December contracts hitting near a six-week…

Read more

BNA temporarily suspends Nord Stream 2 certification

(Montel) Germany’s BNA network regulator has temporarily suspended the certification process for the contested Russian-German gas pipeline Nord…

Read more

No obvious manipulation behind high energy prices – Acer

(Montel) There is currently no obvious evidence that manipulative behaviour in wholesale energy markets has driven up prices,…

Read more

Carbon hits new record high on gas, weather, technicals

(Montel) European carbon prices reached a new high early Tuesday for the second session in a row, surging…

Read more

German spot power to set to plunge 31% on wind surge

(Montel) German day-ahead power prices looked set to plummet around EUR 73, or 31%, on Tuesday, as forecasts…

Read more

Oil rises as Saudi Arabia stokes supply concerns

(Montel) Oil prices were rising on Tuesday as Saudi Arabia stoked supply concerns by saying it would not…

Read more

Boris Johnson signals tougher UK line on Nord Stream 2

(Montel) Boris Johnson signalled a tougher line on the Nord Stream 2 pipeline, saying the EU must choose…

Read more

Carbon tops EUR 65/t on gas gains, technicals

(Montel) European carbon prices rose above EUR 65, the highest level in five weeks, on strong buying, gas…

Read more

NGOs press Germany to block nuclear, gas green status

(Montel) More than 100 NGOs from across Europe have urged Germany to ensure nuclear and natural gas-fired power…

Read more

German front-year power rises amid gas fears, cold

(Montel) Germany’s front-year power contract shot up more than EUR 5 on Monday, as gas prices jumped amid…

Read more

Gas prices rise as Gazprom fails to secure more capacity

(Montel) European prompt gas prices were rising on Monday, as Russia’s Gazprom <a href="https://app.montelnews.com/News/Story.aspx?id=1272555">failed to</a> book additional transit…

Read more

RWE raises annual green capacity growth target to 2.5 GW

(Montel) RWE plans to increase the company’s global green capacity growth by 1 GW to a total of…

Read more

Gazprom fails to book extra gas transit capacity via Ukraine

(Montel) Russia's Gazprom has again failed to book additional gas transit capacity to European destinations via Ukraine…

Read more

Coal market softens amid bearish Asian signals

(Montel) European coal prices broadly softened in early Monday trading, as bearish signals from Asia filtered through…

Read more

Nordic front-week power jumps EUR 13 on cold outlook

(Montel) Nordic front power contracts jumped by up to EUR 13 on Monday amid colder weather forecasts.…

Read more

German spot eyes 5-week high on low wind output

(Montel) German day-ahead power prices looked set to rise around EUR 10 on Monday, as wind output should…

Read more

Oil falls as concerns persist about tapping US reserves

(Montel) Oil prices were falling on Monday as concerns persisted about a potential plan by the US to…

Read more

UK spot soars to 2-month high of GBP 307.70/MWh

(Montel) The spot power price on the UK’s N2EX exchange soared to a two-month high of GBP 307.70/MWh…

Read more

Johnson “tinged with disappointment” over diluted COP26 deal

(Montel) UK prime minister Boris Johnson said he was “tinged with disappointment” late on Sunday after the COP26…

Read more

Gas rises on weak flows, Belarusian threat

(Montel) European gas prices strengthened on Friday amid a drop in Norwegian flows and a threat from Belarus…

Read more

Italian power system faces inadequacy risk by 2025 – TSO

(Montel) Italian TSO Terna said on Friday that the country’s power system faced risks of “inadequacy” by 2025…

Read more

German front-year power gains on strong gas prices

(Montel) German power for delivery next year traded higher on Friday driven by a strong opening on the…

Read more

Carbon technical trading supports limited breakout

(Montel) Carbon was breaking out of a recent range following the collapse of technical resistance, but the…

Read more

Gas prices rise on lower Norwegian flows

(Montel) European gas prices rose on the back of a drop in Norwegian gas flows on Friday,…

Read more

ENBW hedges slightly more forward power

(Montel) German utility ENBW has locked in slightly more sales on its power production for two years in…

Read more

Nordic power curve rises amid drier, colder outlook

(Montel) Nordic power contracts were trading higher on Friday amid a colder and drier weather outlook and rising…

Read more

ENBW earnings fall 4% on write-downs, poor wind

(Montel) ENBW’s earnings fell just over 4% to EUR 2bn in the first nine months of the…

Read more

German spot power to fall on rising wind

(Montel) German spot power prices on Friday looked set to inch lower next week as wind production…

Read more

Fortum hedges 65% of 2022 Nordic output at EUR 32/MWh

(Montel) Finnish utility Fortum had hedged 65% of its expected power production for 2022 at an average price…

Read more

Oil prices fall as market watches possible US supply moves

(Montel) Crude oil was lower early on Friday as market participants kept an eye on possible moves…

Read more

Coal demand to underpin freight until mid-2022 – shipbroker

(Montel) Strong coal demand will likely remain a key driver for global dry freight rates until at least…

Read more

Russian gas flows remain flat, Mallnow arrivals soften

(Montel) Russian gas exports to north-western Europe along three main conduits appeared roughly in line with the…

Read more

German power contracts rise in wake of Belarusian threat

(Montel) Contracts along the German power curve traded higher on Thursday, as the effect of continuing Russian gas…

Read more

Nordic Dec power hits 2-week high on stronger gas prices

(Montel) Nordic power prices rose on Thursday, with the December contract hitting a two-week high of EUR 67/MWh…

Read more

Gas prices drop amid higher Russian flows

(Montel) European gas prices dropped on Thursday as Russia continued to send gas to Germany, though lower temperatures,…

Read more

GO prices strengthen on increased demand

(Montel) Prices for European guarantees of origin (GOs) increased during the week to Thursday on higher demand. …

Read more

Orsted agrees “longest” 25-year wind PPA with BASF

(Montel) Danish energy firm Orsted has signed a 25-year fixed-price corporate power purchase agreement (PPA) – the world’s…

Read more

Asia-Pacific coal prices rise 10% amid supply tightness

(Montel) Pacific-basin benchmark coal prices rose 10% over the past week amid still-tight supply ahead of winter,…

Read more

Engie hedges 73% of 2022 power output at EUR 54/MWh

(Montel) French utility Engie had hedged 73% of its nuclear and hydropower generation for next year in Belgium…

Read more

German spot power to tumble 12% as wind output rises

(Montel) German day-ahead power prices looked set to fall 12% on Thursday as forecasts pointed to windier…

Read more

RWE trading division earnings soar 50%

(Montel) RWE’s supply and trading division posted a 53% jump on an already-strong prior result to earn…

Read more

EDF to be back-up for customers of bankrupt power suppliers

(Montel) French utility EDF will be the emergency supplier to any power customer whose supplier goes bankrupt amid…

Read more

Gas drops on increased Russia flows

(Montel) European prompt gas contracts fell by more than EUR 5 on Wednesday, as increased pipeline flows from…

Read more

German front-month power hits 6-week low with more gas flows

(Montel) Near-term German power contracts fell up to 8% on Wednesday, as pressure on gas prices increased with…

Read more

Statnett admits charger process too slow amid Tesla critique

(Montel) Norwegian TSO Statnett has acknowledged it takes too long to process applications for new electric vehicle charging…

Read more

Nordic power futures fall on milder weather, strong wind

(Montel) The Nordic front-month and front-quarter power contracts softened on Wednesday amid milder weather and strong wind…

Read more

Gas prices soften amid increased Russian supply

(Montel) European gas prices softened further in early Wednesday trading, as increased flows from Russia raised market…

Read more

EDP targets 1.5 GW of green H2 by 2030

(Montel) Portuguese utility EDP is targeting 1.5 GW of green hydrogen capacity by 2030, it said late on…

Read more

EDF’s revenue from trading jumps 63% in Jan-Sept

(Montel) EDF’s trading arm saw its nine-month revenue jump 63% year on year to EUR 1.1bn due to…

Read more

German spot power to inch higher amid wind drop

(Montel) German day-ahead power prices looked set to gain on Wednesday amid expectations of weakening wind output.…

Read more

Oil prices rally as US reserve concerns recede

(Montel) Oil prices were rising on Wednesday as the threat of strategic crude reserves being released to the…

Read more

Russian gas flows to Europe continue rise

(Montel) Russian gas exports to northwestern Europe along three main conduits continued to climb in the wake…

Read more

Governments must fast-track green projects – Iberdola CEO

(Montel) Governments globally should fast-track green infrastructure projects or they could miss decarbonisation targets, said Ignacio Galan, CEO…

Read more

Eon curbs year-ahead hedging amid soaring power prices

(Montel) Eon had hedged 74% of its year-ahead nuclear power generation by the end of September at…

Read more

Gas, coal weaken with Russian supply gains

(Montel) European gas prices softened on the back of improved supply from Russia on Tuesday, weighing on…

Read more

German power curve eases with softer gas prices

(Montel) German benchmark power prices eased on Tuesday, tracking losses in gas prices as markets focused on…

Read more

German power demand to near pre-Covid levels – BDEW

(Montel) Gross German power use should rise 3% to 561 TWh this year, up from 544 TWh…

Read more

Gas front month retreats on Russian supply relief

(Montel) European front-month gas retreated on Tuesday, as returning Russian flows offered hope of boosting storage levels,…

Read more

EU GO exports to UK may slump 70% this year – expert

(Montel) Exports of European guarantees of origin (GOs) to the UK are expected to fall by more than…

Read more

UK battery developers face capacity challenges – consultant

(Montel) Battery developers competing in the UK’s capacity market are unable to secure long-term agreements because of battery…

Read more

Gazprom starts injection plan for European gas storage

(Montel) Russian energy giant Gazprom has begun implementing a plan to inject gas into its depleted European…

Read more

Cez hedges 37 TWh of 2022 power output at EUR 54.10/MWh

(Montel) Czech utility Cez had hedged 37 TWh of next year’s power production at an average price of…

Read more

Russian gas flows to Europe on the rise

(Montel) Russian gas exports to northwestern Europe along three main conduits climbed by almost a fifth compared…

Read more

German spot power set to surge EUR 39 on low wind, solar

(Montel) German day-ahead power prices looked set to surge around EUR 39, or 24%, on Tuesday and revisit…

Read more

Possibility of more US supply caps oil’s gains

(Montel) Oil was trading flat on Tuesday as the possibility of more US supply being released to the…

Read more

UK to invest GBP 210m in Rolls-Royce small modular reactors

(Montel) The UK government has pledged GBP 210m of investment to develop technology for what would be one…

Read more

French nuclear sector ready to build new EPRs – EDF

(Montel) France's nuclear sector will be ready to build six new-generation European pressurised reactors (EPR2s) if plans…

Read more

Gas supply disappointment drives gains

(Montel) European gas prices gained ground on Monday as relatively low flows from Russia erased hopes of…

Read more

German Cal 22 gas edges higher with robust gas, cold

(Montel) German front-year power prices continued to edge higher on Monday, as bullish supply fundamentals in the…

Read more

Coal supply dearth to drive prices higher

(Montel) European coal prices rose sharply in early Monday trading, defying several weeks of losses, as supply…

Read more

Spain spot power set to gain on more demand as Q1 jumps

(Montel) Spanish spot power prices could rise this week on higher demand and a drop in wind supply,…

Read more

Nordic power futures rise on record spot, German power

(Montel) Nordic power futures rose on Monday on the back of strong spot prices, which hit a record…

Read more

Carbon rises EUR 1 on gas gains but volatility seen ahead

(Montel) European carbon prices rose EUR 1 on Monday supported by gas gains and low wind output, but…

Read more

German spot power to rise on less wind, rising demand

(Montel) German day-ahead power prices looked set to rise almost EUR 3 on Monday as wind output waned…

Read more

Oil prices rise on signs of strong demand

(Montel) Oil prices rose on Monday morning amid indications that global demand for crude remains strong.…

Read more

Russian gas flows to Europe start week subdued

(Montel) Russian gas exports to northwestern Europe along three main conduits looked poised to deliver only slightly…

Read more

Prompt coal jumps on continued tightness

(Montel) Prompt coal prices rose in late Friday trading amid persisting market tightness, although traders said the…

Read more

EDP hedges half its generation to 2025 at EUR 60/MWh

(Montel) Portuguese utility EDP had hedged 50% of its 2022-25 power output at EUR 60/MWh by the end…

Read more

EU green status for gas, nuclear would deter investors – WWF

(Montel) Classifying gas-fired and nuclear power plants as “green” investments in the next update of the EU’s sustainable…

Read more

Regulators urge end to wholesale power price restrictions

(Montel) EU countries should drop all explicit caps and floors on wholesale power prices and enable more new…

Read more

Carbon prices to remain range-bound after gas divergence

(Montel) European carbon prices would be driven by technical trading but likely remain range-bound in the coming week…

Read more

Gas prices rise as Russian supply hopes “empty noise”

(Montel) European gas prices were rising on Friday as uncertainty persisted around a potential ramp-up in Russian…

Read more

Polish power lobby urges more cautious ETS reform

(Montel) Poland’s PKEE electricity association urged the European Commission on Friday to moderate its plans to reform…

Read more

Nordic front power gains on colder weather, bullish gas

(Montel) Nordic power futures rose on Friday on expectations of cold weather in the region and the…

Read more

Nord Stream 2 start-up won’t end gas spike risk – Uniper

(Montel) The launch of flows via the Nord Stream 2 pipeline may not be sufficient to end spiking…

Read more

French plan to start new EPR by 2035 unrealistic – experts

(Montel) French hopes of starting up a new-generation European pressurised reactor (EPR) by 2035 are unrealistic given the…

Read more

German spot power to strengthen on muted wind

(Montel) German spot power prices on Friday looked set to remain robust as wind production plunges and…

Read more

Europe needs more long-term gas contracts – Uniper

(Montel) Europe needs more long-term gas supply contracts and a diversified supply portfolio to manage the transition to…

Read more

Diverging CO2 set to see more upside

(Montel) European carbon and gas prices diverged on Thursday, with the former hitting a three-week high and surpassing…

Read more

Statkraft could be forced to buy foreign GOs on Norway exit

(Montel) Statkraft might be forced to purchase GOs from firms outside the country should the new government pull…

Read more

Oil prices rise as Opec sticks to December output plan

(Montel) Oil prices were rising on Thursday afternoon as the Opec+ group stuck to a scheduled 0.4m bbl/day…

Read more

Carbon hits 3-week high at EUR 61.45/t

(Montel) Europe’s benchmark carbon price diverged from sliding gas to hit an almost three-week high of EUR 61.45/t…

Read more

German solar rooftop growth to sink by third – lobby

(Montel) Growth in Germany’s solar rooftop capacity looks to decline by a third next year as profitability…

Read more

Vattenfall plans 250 MW H2 electrolyser for fuel plant

(Montel) Vattenfall plans to build a 250 MW electrolyser to create fossil free aviation fuel from green hydrogen…

Read more

Nordic front power extends gains on gas, weather

(Montel) Nordic power futures continued to climb on Thursday amid stronger gas prices and some forecasts indicating…

Read more

France to cut red tape to boost solar capacity – ministry

(Montel) The French government plans to simplify administrative procedures to boost solar development, notably on former industrial zones…

Read more

Statkraft reverses EUR 314m write-downs on wind, gas plants

(Montel) Norwegian utility Statkraft has reversed previous impairments of EUR 3.1bn (EUR 314m) related to wind and gas…

Read more

Gas, nuclear may get conditional “green” status – draft

(Montel) Natural gas-fired and nuclear power plants look set to qualify as “green” investments under certain conditions set…

Read more

Verbund hedges 60% of 2022 output at EUR 62/MWh

(Montel) Austrian utility Verbund had hedged 60% of its planned 2022 hydropower generation at EUR 62/MWh by the…

Read more

Statkraft trading arm posts EUR 405m loss on huge volatility

(Montel) The trading arm of Norway’s Statkraft posted an operating loss of NOK 4bn (EUR 405m) in the…

Read more

190 nations and organisations pledge to quit coal

(Montel) A coalition of 190 nations and organisations – including Poland, Vietnam and Chile – has agreed to…

Read more

Carbon rises on strong energy complex

(Montel) European front-month carbon was climbing on Wednesday, helped by an overall strong energy complex. …

Read more

“Insane” French peak power price to fall massively – traders

(Montel) Traders expect “insanely overpriced” French peakload power to drop “massively” closer to delivery this winter amid…

Read more

German power Cal 22 rises on higher coal, gas

(Montel) German front-year power climbed on Wednesday in line with higher coal and gas prices.…

Read more

High gas prices “very justified” – Vitol

(Montel) Current high gas prices are “very justified” due to near-term tightness and the prospect of a…

Read more

UK subsidy caps to fuel renewable PPA growth – consultant

(Montel) The UK market for power purchase agreements (PPAs) is poised for further growth as existing subsidy schemes…

Read more

UK-France cable to operate at reduced capacity to Oct 2023

(Montel) The 2 GW IFA1 interconnector linking France and the UK will operate at capacity reduced by as…

Read more

TTF gas edges higher as market awaits Russian flows

(Montel) European gas prices extended the prior session’s late gains on Wednesday morning as a nervous market…

Read more

Europe faces increased gas price volatility – Equinor

(Montel) Europe faces increased gas price volatility over the coming years amid growing intermittent generation capacity and diminishing…

Read more

Spain to auction 1.2 GW grid capacity at coal plant site

(Montel) Spain plans to tender 1.2 GW of grid connection capacity to renewable energy projects at the site…

Read more

TotalEnergies, Iberdrola eye Norwegian offshore wind

(Montel) TotalEnergies, Iberdrola and Norsk Havvind plan to jointly take part in Norway's tenders for offshore wind, they…

Read more

Nordic power futures continue rise on energy rally

(Montel) Nordic power futures continued their rise on Wednesday, mainly in response to an ongoing rally in energy…

Read more

EU plans EUR 820m boost for green technologies

(Montel) The European Commission, European Investment Bank and Bill Gates' Breakthrough Energy Catalyst have agreed to work together…

Read more

France aids industrial power users, gas suppliers in crisis

(Montel) France will pay a EUR 150m advance to some of the country’s biggest industrial power users and…

Read more

German spot power to ease with more wind

(Montel) German day-ahead power prices looked set to ease on Wednesday as forecasters tipped wind generation to…

Read more

Orsted’s Q3 offshore wind output drops 28%

(Montel) Danish energy group Orsted generated 2.3 TWh of offshore wind in the third quarter, down 28% from…

Read more

Oil prices soften as Opec+ under pressure to pump more

(Montel) Crude oil prices softened early on Wednesday amid an intensification of calls on Opec and its Russia-led…

Read more

Green H2 cost may near blue H2 around 2030 – Aurora

(Montel) Green hydrogen may approach cost parity with fossil fuel-based hydrogen in some cases by around 2030, Aurora…

Read more

Carbon rises amid continued volatility

(Montel) European carbon prices rose by more than EUR 2 on Tuesday amid continuing volatility with gas up…

Read more

Gazprom fails to book Q1-Q3 gas transit capacity to Europe

(Montel) Russia's Gazprom refrained from purchasing any gas transit capacity via Ukraine and Poland for delivery over…

Read more

Spain's gas demand rises nearly 3% in October

(Montel) Spanish gas consumption rose by 2.8% year on year in October to 29.6 TWh amid rising demand…

Read more

Energy use in Germany set to increase 3% this year – Ageb

(Montel) German energy use should rise around 3% this year, based on preliminary data for the first nine…

Read more

German Cal 22 power rises with buoyant gas, EUAs

(Montel) Germany’s benchmark power price rose on Tuesday amid buoyant European carbon and gas markets.…

Read more

Russian gas flows to Europe start November lower

(Montel) Russian gas exports to northwestern Europe have begun November around 20% lower week on week amid…

Read more

Gas prices jump EUR 3 as Russian flows remain subdued

(Montel) European gas prices rose up to EUR 3 on Tuesday due to persistent subdued flows from Russia…

Read more

Hydrogen to drive Nordic power demand – TSOs

(Montel) The Nordic region is set for a 65% rise in power demand to 655 TWh by 2040,…

Read more

Belgium closer to nuclear exit on capacity scheme – experts

(Montel) Belgium may be closer to a complete nuclear phase-out in 2025 after it secured nearly 4.5…

Read more

World needs 210m tonnes of new LNG supply by 2040 – Cheniere

(Montel) The world will need around 210m tonnes (286bcm) of new LNG supply to meet an anticipated…

Read more

Spanish power generation falls 2.6% in October

(Montel) Spanish power generation fell 2.6% year on year in October to 19.4 TWh amid lower renewables production…

Read more

CO2 price may hit EUR 100 by 2030, squeezing out coal – Axpo

(Montel) Most of Europe’s flexible coal-fired capacity will be pushed out of the power mix by 2030,…

Read more

Nordic Q1 power rises EUR 3 on drier, colder weather

(Montel) Nordic power futures rose on Tuesday with the Q1 contract trading EUR 3 higher after falling significantly…

Read more

BP sees gas markets staying tight over winter

(Montel) A global gas shortage that helped boost BP third quarter profits was likely to persist into…

Read more

Gas woes direct result of underinvestment – Tellurian

(Montel) The current tightness in global gas supply is closely linked to a lack of investment in…

Read more

Spain gas system stable despite shut GME pipeline – TSO

(Montel) Spain’s gas system is operating “normally” and without supply shortages despite the closure of the 10bcm/year Gaz-Maghreb-Europe…

Read more

German spot power to extend gains above EUR 200 on low wind

(Montel) German day-ahead power prices looked set to rise around 8% on Tuesday, extending the previous day’s gains…

Read more

Gazprom’s gas exports to Europe rise 10% in Jan-Oct

(Montel) Gazprom's gas exports to Europe rose 10% year on year in the first 10 months of the…

Read more

Oil rises on indications Opec won’t further loosen quotas

(Montel) Oil prices were rising on Tuesday on indications producer cartel Opec would stick to existing production quotas…

Read more

Carbon falls EUR 1 amid tumbling gas

(Montel) European carbon prices fell by more than EUR 1 on Monday, breaching anticipated support levels for this…

Read more

German lignite output hits 9-month high in October – ISE

(Montel) German lignite power generation rose to 9.31 TWh in October, the highest since January, data from think…

Read more

Danish fund to invest EUR 100bn in renewables by 2030

(Montel) Copenhagen Infrastructure Partners has plans to boost its investments in the renewables sector from EUR 16bn currently…

Read more

Axpo acquires 25% stake in Swiss Green Gas International

(Montel) Swiss energy group Axpo has acquired a 25% stake in renewables developer Swiss Green Gas International…

Read more

German front-year power jumps EUR 7 as gas strengthens

(Montel) German front-year power prices were rebounding from last week’s losses, jumping as much as EUR 7 on…

Read more

German wind, solar capacity grows 548 MW in Sept

(Montel) Germany added almost 548 MW of wind and solar capacity to the grid in September, data from…

Read more

Gas prices jump EUR 9 on Mallnow gas flow stoppage

(Montel) European gas futures jumped as much as EUR 9 on Monday amid a stoppage in Russian…

Read more

TSOs earn EUR 56m in “bottleneck income” from UK-Norway link

(Montel) TSOs National Grid and Statnett have earned EUR 56m in “bottleneck income” during the first month of…

Read more

Renewables in UK power mix reach 20-month high

(Montel) Renewable power sources accounted for nearly 38% of the UK’s power mix in October – the…

Read more

Nordic power drifts sideways on mixed signals

(Montel) Nordic power futures were coming off highs seen early on Monday and drifting sideways, as wetter than…

Read more

Coal prices rebound from 3-month lows

(Montel) European coal prices rebounded from last week’s three-month lows in early Monday trading amid a buoyant…

Read more

German solar PPA potential is over 3 GW – expert

(Montel) Around 3.6 GW of unsubsidised solar projects could enter the German market by the end of…

Read more

EDF Trading suffers EUR 400m loss – report

(Montel) EDF’s trading unit made a loss of around EUR 400m on a bet that forward prices…

Read more

Belgium secures 4.5 GW in latest capacity auction

(Montel) Belgium has secured 4.5 GW in its latest capacity auction – including two new gas plants totally…

Read more

German spot power to soar above EUR 200 as wind output drops

(Montel) German day-ahead power prices looked set to more than double above EUR 200/MWh on Monday as wind…

Read more

Oil falls as China releases reserves and on US pressure

(Montel) Oil prices were falling on Monday as China released reserves of petrol and diesel to boost supply,…

Read more

Ukraine calls on EU to reject “geopolitical weapon” NS2

(Montel) The head of Ukraine’s state energy company Naftogaz has called on the EU to reject Russia’s Nord…

Read more

G20 nations agree to stop funding coal power overseas

(Montel) G20 nations agreed this weekend to stop funding the use of coal-fired power overseas and also pledged…

Read more

Belgian TSO wins exemption from 70% cross-border rule

(Montel) Belgian TSO Elia has been given a one-year exemption – to 31 December 2022 – from…

Read more

Gazprom hits gas storage target early, continues injections

(Montel) Gazprom has hit a target to refill its Russian gas inventories several days ahead of a…

Read more

Firming CO2 defies energy sell-off

(Montel) European carbon prices bucked the trend of plunging fuel contracts on Friday as gas markets continued…

Read more

Eni revises gas supply contracts with Gazprom

(Montel) Italy’s Eni and Russia’s Gazprom have signed an agreement to revise the terms of their existing long-term…

Read more

Italy sets out roadmap for new renewable capacity auctions

(Montel) Italy has set out a roadmap for new renewable capacity auctions to accelerate the country’s energy transition…

Read more

German Q1 power hits 6-week low as gas, coal prices tumble

(Montel) Near-term German power contracts fell on Friday with prices for gas and coal in anticipation of increased…

Read more

Portuguese GO auction prices slump to EUR 0.51/MWh

(Montel) Prices for Portuguese guarantees of origin (GOs) for renewable power slumped almost 50% to EUR 0.50-0.52/MWh at…

Read more

Portugal auctions on track despite looming elections

(Montel) The Portuguese government plans to continue with its energy policy and upcoming auctions despite the possibility of…

Read more

OMV begins receiving repayments on Nord Stream 2 loan

(Montel) One of the financial partners of Russia’s contested Nord Stream 2 gas pipeline to Germany has…

Read more

Gas prices fall to 5-week low on Russian supply hopes

(Montel) European gas prices dropped to a five-week low on Friday after Russian President Vladimir Putin fuelled hopes…

Read more

Carbon prices set to hold in narrow range near EUR 60

(Montel) European carbon prices will likely hold within a narrow range next week, hovering around EUR 60/t, as…

Read more

Nordic November power slides to 3-month low

(Montel) Nordic power futures fell sharply amid wet and mild weather forecasts on Friday, with the November contract…

Read more

Spanish price measures may damage hedging – expert

(Montel) Recent measures passed by the Spanish government to tackle spiralling energy prices looked poised to damage hedging…

Read more

Eni doubles 2021 renewables growth estimate to 2 GW

(Montel) Italian energy company Eni has doubled its estimate for renewables growth this year to 2 GW, which…

Read more

RWE generation climbs 17% over Jan-Sept

(Montel) RWE’s electricity production climbed 17% to 118.7 TWh over the first nine months of the year,…

Read more

Poland seeks 1 GW solar or wind capacity in December auction

(Montel) Poland is seeking to add a total of roughly 1 GW of solar or wind capacity in…

Read more

German spot power to rise next week on lower wind

(Montel) German spot power prices on Friday looked set to gain ground next week amid reduced wind…

Read more

Crude prices flat ahead of Opec+ meeting

(Montel) Crude oil was flat early on Friday ahead of next week’s meeting of Opec+, where producers…

Read more

Austria’s OMV raises 2021 oil, gas price outlook

(Montel) OMV raised its outlook for oil and gas prices for a third time this year and…

Read more

French watchdog threatens sanctions over Arenh resale

(Montel) France’s CRE energy regulator on Thursday threatened sanctions against power suppliers for potentially reselling power on…

Read more

Slumping gas drags energy complex lower

(Montel) European energy prices slid across the board on Thursday dragged down by tumbling gas prices, which fell…

Read more

Traders' margining risk struggles may persist into 2022

(Montel) This year’s surge in European energy prices and volatility has boosted margining requirements and risks for traders,…

Read more

German front-month power dives EUR 20 as gas sinks

(Montel) Germany’s front-month power contract dived up to EUR 20 on Thursday – a one-month low – amid…

Read more

TotalEnergies sees gas bull run to Q2 amid record profit

(Montel) “Unprecedented” high gas prices are likely to persist until next year’s second quarter barring an “exceptionally mild…

Read more

Vattenfall eyes gas exit – CEO

(Montel) Vattenfall aims to cut its gas use sharply to meet its new climate targets, the Swedish energy…

Read more

Nordic power to average EUR 40/MWh until 2025 – Modity

(Montel) Nordic spot power will average just below EUR 40/MWh in 2022 and remain around this level until…

Read more

Gas prices tumble 10% on Putin statement

(Montel) Gas prices tumbled around 10% on Thursday to their lowest levels in a month amid comments…

Read more

Nordic November power sheds EUR 6 on wet spell, sliding gas

(Montel) Nordic November power slumped EUR 6, or more than 10%, on Thursday to its lowest point…

Read more

Newcastle coal index slumps under Chinese pressure

(Montel) The Pacific basin’s benchmark coal index has fallen 18% over the past week, tracking even sharper…

Read more

Shell's LNG sales drop 13% in Q3

(Montel) Royal Dutch Shell’s LNG sales dropped 13% year on year to 15.2m tonnes (21bcm) between July…

Read more

German spot power eyes EUR 30 drop on more wind, less demand

(Montel) German day-ahead power prices looked set to drop 19% on Thursday as forecasts indicated a pick-up in…

Read more

Oil prices soften amid easing concerns about tight supply

(Montel) Crude oil prices extended the previous session’s losses early on Thursday amid easing concerns about supply tightness…

Read more

Vattenfall hedges 78% of 2022 Nordic output at EUR 29/MWh

(Montel) Vattenfall had sold 78% of its Nordic power production for 2022 at an average price of EUR…

Read more

Business lobbies call for global carbon pricing

(Montel) Global business groups have urged world leaders to “deliver meaningful” reductions in greenhouse gas emissions and “effective…

Read more

Gazprom to send more gas to Europe from 8 Nov – Putin

(Montel) Gazprom should focus on refilling its depleted gas storage sites in Europe from 8 November, Russian…

Read more

Coal slides on China output concerns

(Montel) European prices for coal fell on Wednesday, continuing their decline after China said it plans to tackle…

Read more

Climate minister dismissal may harden Polish pro-coal stance

(Montel) A dismissal of Poland's climate minister Janusz Kurtyka a week ahead of the COP26 climate summit could…

Read more

Finnish utility may close 160 MW coal plant 5 years early

(Montel) Finnish utility Helen is considering bringing forward the decommissioning of its 160 MW Salmisaari coal-fired power plant…

Read more

Tax curb welcome as profit takes EUR 100m hit – Iberdrola

(Montel) An amendment of Spain’s windfall tax on the country’s power utilities was welcomed on Wednesday by Iberdrola,…

Read more

German power front month, Cal 22 fall amid coal, gas drops

(Montel) German power for delivery next month and next year fell on Wednesday amid lower coal and gas…

Read more

6 GW of European solar projects face delays – Rystad

(Montel) About half of European solar projects planned for 2022, or 6 GW, risk delay or cancellation due…

Read more

Safety expert casts doubt on French EPR start date

(Montel) France's ASN nuclear safety authority is mulling a report by its technical arm IRSN that casts doubt…

Read more

Danish electrolyser demand could hit 6.6 GW by 2030 – report

(Montel) Power demand from electrolysers in Denmark could swell to 6.6 GW by 2030 if the country becomes…

Read more

Front-month gas slips EUR 4 on improving supply

(Montel) Prompt European gas prices slid EUR 4 to a nine-day low early on Wednesday morning amid…

Read more

Spanish LNG imports rise ahead of Algerian pipeline closure

(Montel) Spain's LNG imports increased this month amid the need to compensate for the expected closure of the…

Read more

Nordic power curve slides EUR 3 on wet outlook, weaker fuels

(Montel) Nordic power futures slid up to EUR 3 on Wednesday amid a very wet weather outlook and…

Read more

Aurora sees carbon rising 80% on sluggish green policies

(Montel) A continued slow rollout of German renewable energy and unchanged timelines for European coal exits would…

Read more

Equinor increases gas sales to 14.5bcm in Q3

(Montel) Norwegian oil and gas major Equinor increased its gas sales by 0.4bcm year on year in the…

Read more

NS2 passes key hurdle, still faces BNA certification

(Montel) The controversial Nord Stream 2 pipeline has passed a final hurdle in the process towards full certification,…

Read more

Spain approves measures to limit windfall cut

(Montel) Spain approved an amendment on Tuesday exempting projects with fixed price energy contracts from a windfall tax.…

Read more

EU ministers press EC on green status rules for gas, nuclear

(Montel) Several EU energy ministers pressed the European Commission to clarify as soon as possible if nuclear and…

Read more

EC starts checking for gas market abuse

(Montel) The European Commission’s competition department has started collecting data about the EU’s main gas suppliers to check…

Read more

Greenpeace blocks Spanish LNG tanker

(Montel) Greenpeace activists blocked an LNG tanker at a Spanish port in a protest against European dependence on…

Read more

EC sceptical of Spain’s power market reform ideas

(Montel) EU energy commissioner Kadri Simson said on Tuesday that it was unclear how Spain’s proposals to decouple…

Read more

Carbon firms but sees strong resistance above EUR 60

(Montel) European carbon prices edged higher for the fifth consecutive session on Tuesday, although the benchmark contract again…

Read more

Banks shift to subsidy-free renewables as confidence grows

(Montel) Financial institutions are stepping up investments and loans in renewable energy projects without subsidies or even without…

Read more

Capital Energy to supply renewable power to Atletico Madrid

(Montel) Capital Energy has signed a three-year renewable power supply contract with Atletico de Madrid, the Spanish renewables…

Read more

Falck plans new 1.3 GW floating offshore wind plant in Italy

(Montel) Falck Renewables and BlueFloat Energy are planning to jointly develop a 1.3 GW floating offshore wind farm…

Read more

German front-month power gains EUR 3 on cold forecasts

(Montel) German front-month power rose more than EUR 3 on Tuesday amid forecasts of cold weather for…

Read more

Greenlab finalises 100 MW Danish H2 electrolyser plans

(Montel) Danish firm Greenlab Skive has finalised plans to build a 100 MW electrolyser for green hydrogen production…

Read more

European gas supply not a concern this winter – Wintershall

(Montel) There is unlikely to be a physical shortage of gas in Europe this winter, though the Nord…

Read more

France to decide on new reactors by year end – minister

(Montel) The French government will decide “by the end of the year” whether to build new nuclear reactors,…

Read more

Spain reiterates call for power, ETS market reforms

(Montel) Spain has reiterated its call to reform the power and carbon markets – to help shield consumers…

Read more

Uniper to install 12 MW battery storage at hydropower plants

(Montel) German utility Uniper will install two new battery storage systems, totalling 12 MW, at their Bodum and…

Read more

Nordic Q1 power jumps EUR 3 on drier forecasts

(Montel) Nordic power futures rose on Tuesday, with the Q1 contract rising more than EUR 3, as the…

Read more

9 EU countries reject calls for power market reform

(Montel) Nine EU countries, including Germany, have rejected calls to reform the European power market ahead of an…

Read more

German spot power to dive 20% with higher wind output

(Montel) German day-ahead power prices looked set to drop around 20%, or EUR 35, on Tuesday, as forecasts…

Read more

Oil trades flat as pending Iran talks cool rally

(Montel) Oil was trading flat on Tuesday as pending talks between the EU and Iran, which could be…

Read more

Ministers set to debate EU response to energy price spikes

(Montel) Energy ministers will debate possible EU responses to soaring prices, including the European Commission’s “toolbox” of measures…

Read more

Spanish LNG imports to jump 69% in November

(Montel) Spain’s LNG imports were set to rise 69% year on year to 25.2 TWh (2.3bcm) in November,…

Read more

Volatility boots speculators out of market – Eon CEO

(Montel) Volatile energy prices are pushing speculators out of the market, said Leonhard Birnbaum, CEO of German…

Read more

Gas, coal surge on cold weather outlook

(Montel) European gas and coal prices jumped on Monday on forecast cold weather, while carbon made more modest…

Read more

Galp expects no impact from Spanish emergency measures

(Montel) Galp does not expect any “relevant impact” on its green plans in Spain from emergency measures to…

Read more

French TSO backs new nuclear but urges green growth

(Montel) Building new nuclear reactors in France makes economic sense but the country cannot reach carbon neutrality by…

Read more

German power front year climbs amid gas push

(Montel) German front-year power continued to inch higher on Monday, pulled up by gains in the gas…

Read more

German, French utilities launch cross-border hydrogen scheme

(Montel) A group of eight western European companies has founded an initiative aimed at promoting a regional…

Read more

Coal prices jump EUR 11 on cold outlook

(Montel) European coal prices spiked up to EUR 11 on Monday on the back of colder weather…

Read more

Spanish spot power to fall on more wind

(Montel) Spanish spot power prices could ease this week on a rise in wind supply, while futures were…

Read more

French power supplier defaults on payments

(Montel) French power supplier Hydroption has defaulted on payments amid soaring energy prices but is continuing operations…

Read more

Nordic power gains on fuels jump, drier outlook

(Montel) Nordic front power contracts rose on Monday amid strong fuels prices, with gas jumping more than EUR…

Read more

Gas prices jump EUR 4 on cold forecasts

(Montel) European gas futures jumped EUR 4 on Monday amid forecasts of colder weather for next month,…

Read more

Norwegian trader Eidsbotn Kraft to “shut down” amid losses

(Montel) Norwegian power trading company Eidsbotn Kraft will cease operations by the end of the year after losing…

Read more

Enel's coal-fired output rises 13% in Jan-Sept

(Montel) Enel’s coal-fired power production in Italy rose 13% year on year in the first three quarters of…

Read more

Statkraft signs 3-year French wind PPA with RWE

(Montel) Statkraft has signed a three-year power purchase agreement (PPA) with German rival RWE to manage the…

Read more

German spot power to rise on low green output, robust demand

(Montel) German day-ahead power prices looked set to jump on Monday as forecasts indicated lower than usual…

Read more

Oil prices extend multi-year highs on tight market

(Montel) Oil prices hit fresh multi-year highs on Monday amid a tight physical market.…

Read more

Gazprom's gas sales on auction platform dive in October

(Montel) Gazprom’s sales to European customers via its auction platform have plunged in the first three weeks of…

Read more

German Cal 22 power rises with firm energy complex

(Montel) German front-year power prices gained slightly on Friday in line with similarly firm prices in the markets…

Read more

Senior MEP adds to pressure on NS2 approval – Spiegel

(Montel) Germany should deny regulatory approval of Russia’s Nord Stream 2 pipeline unless gas flows to Europe…

Read more

Carbon prices gain but set to remain volatile

(Montel) European carbon prices were higher on Friday but were set to remain volatile next week as the…

Read more

TTF front month inches up as supply remains tight

(Montel) The TTF front month edged higher on Friday amid signs that supply remains tight ahead of…

Read more

Britain’s coal-fired generation soars over 300% in Q3

(Montel) Coal-fired power generation in Great Britain soared 335% year on year to 1.15 TWh in the third…

Read more

German spot power set to gain next week with less wind

(Montel) German spot power prices on Friday looked set to rise next week amid less wind generation.…

Read more

Nordic power prices drop on wetter, windier outlook

(Montel) Nordic power futures fell sharply for the second day running on Friday, depressed by wetter and windier…

Read more

France extends freeze on gas tariff to end-2022

(Montel) France has extended a freeze on regulated gas tariffs to the end of 2022 to mitigate…

Read more

EU leaders back probe of carbon market speculation

(Montel) EU leaders have backed the European Commission (EC) plan to study whether certain carbon market trading behaviours…

Read more

Crude prices fall on demand concerns amid Covid restrictions

(Montel) Crude oil was lower early on Friday on demand pessimism amid ongoing concerns about the effect…

Read more

Polish utility informs Berlin of Nord Stream 2 objection

(Montel) Polish energy supplier PGNiG submitted on Thursday its objection to Russia’s Nord Stream 2 gas pipeline…

Read more

Gas falls amid mild weather forecasts

(Montel) European gas contracts were falling on Thursday amid revised weather forecasts that saw above-average temperatures continuing into…

Read more

Uniper boosts 2021 profits, books hedging loss

(Montel) Germany’s Uniper has raised its 2021 earnings outlook by EUR 250m to EUR 1-1.3bn, mainly due…

Read more

Market interventions risk raising energy costs – Efet

(Montel) National governments intervening in wholesale energy markets even temporarily in response to high prices risked raising long-term…

Read more

Germany would need 43 GW of gas for 2030 coal exit – lobby

(Montel) Germany would need 43 GW of additional hydrogen-ready, gas-fired power capacity at a cost of EUR 48bn…

Read more

New Norway minister confirms 4.5 GW offshore wind plans

(Montel) Norway's new centre-left government will proceed with the previous administration's plans for 4.5 GW of offshore wind…

Read more

France faces winter power cuts – analysts

(Montel) France faces rotating power cuts this winter, with doubts about nuclear and gas supply fuelling blackout fears,…

Read more

German power curve slumps with softer coal, gas

(Montel) German power futures fell on Thursday amid weakness in fuel prices, especially the cost of coal.…

Read more

Norway’s power demand could rise 26% by 2040 – agency

(Montel) Electricity demand in Norway looked set to rise 26% to 174 TWh by 2040, which along with…

Read more

GO prices fall amid higher wind, hydropower output

(Montel) European guarantees of origin (GOs) have lost ground this week on increased wind and hydropower output.…

Read more

Newcastle coal index slides as China flags intervention

(Montel) The Pacific basin’s benchmark coal index pulled back from a record high this week as Chinese…

Read more

Gas front month drops amid stable fundamentals

(Montel) European front-month gas prices dropped slightly on Thursday, with prices likely to continue trading sideways amid…

Read more

Nordic power retreats on weaker fuels, German prices

(Montel) Nordic power futures fell in line with other energy markets on Thursday, with weather forecasts being largely…

Read more

French regulator calls for emergency gas, power suppliers

(Montel) The French government should appoint emergency power and gas suppliers “without delay”, with bankruptcies looming amid soaring…

Read more

Green H2 to cover 20% of power demand in 2050 – Statkraft

(Montel) Roughly a fifth of Europe’s power demand in 2050 will come from green hydrogen production through electrolysers,…

Read more

Polish utility to launch 62 MW solar farm in 2023

(Montel) Polish power utility Energa will launch the 62 MW Wielbark solar farm in northern Poland in 2023,…

Read more

German spot power eyes 15% jump as wind output wanes

(Montel) German day-ahead power looked set to rise around 15% on Thursday as forecasts pointed to flagging wind…

Read more

Oil prices soften after nudging fresh multi-year highs

(Montel) Crude oil prices traded a shade down early on Thursday amid heightened calls on Opec and its…

Read more

French watchdog gives preliminary approval for EPR repairs

(Montel) France's ASN nuclear safety authority has preliminarily approved proposals by utility EDF to fix three defective welds…

Read more

Polish plan for single coal firm may delay exit – expert

(Montel) Poland's planned single firm to own and operate the country's 23 GW of coal-fired plants might delay…

Read more

CO2 rebounds with gas gains

(Montel) European carbon prices rebounded from a two-month low on Wednesday as gas rose on weather forecasts and…

Read more

Skyrocketing prices require swift action – industry lobbies

(Montel) Energy-intensive industries called for swift action by the European Council to address skyrocketing energy prices, which…

Read more

African supply will not solve EU gas woes

(Montel) Algerian efforts to guarantee gas supply to Spain this winter could help ease tensions in the market,…

Read more

German front-year power jumps EUR 3 with gas, CO2

(Montel) Germany’s benchmark Cal 22 power contract rose more than EUR 3 on Wednesday reacting to gains in…

Read more

German balancing rules favour some spot traders

(Montel) Companies that help balance Germany’s electricity system have an unfair advantage over rivals in the intraday…

Read more

Nordic futures rebound on German power, fuels

(Montel) Nordic power futures on Wednesday clawed back Tuesday losses in response to bullish German power prices…

Read more

France mulls early pay-out of carbon offset aid to industry

(Montel) France is considering an advance of carbon-offset aid to energy-intensive firms amid soaring gas and power prices,…

Read more

Aggregators needed in Belgium PPA market – expert

(Montel) Aggregators are needed in Belgium’s power purchase agreement (PPA) market to ease financing for offtakers with weak…

Read more

Finnish-Swedish 800 MW interconnector receives approval

(Montel) The Finnish ministry of economic affairs has granted TSO Fingrid a permit to construct an 800 MW…

Read more

CO2 rebounds near EUR 2 after prior sell-off

(Montel) European carbon prices are rebounding on Wednesday – up near EUR 2 – following the previous session’s…

Read more

France could achieve carbon zero without nuclear

(Montel) France could exit nuclear use by 2045 and still reach net carbon neutrality by 2050 but this…

Read more

Swedish wind power investments dry up in uncertain market

(Montel) Investment decisions for new wind farms in Sweden were scarce in the third quarter this year because…

Read more

UK renewable energy company to build 100 MW battery storage

(Montel) UK renewable company Anesco is set to build two 50 MW battery storage units in the country…

Read more

Swedish green steel project wins order from BMW

(Montel) German carmaker BMW has signed a deal with a Swedish firm H2 Green Steel (H2GS) to source…

Read more

Gas prices rise on weather, supply fears

(Montel) European gas prices jumped in early Wednesday trading as supportive weather forecasts and concerns of still…

Read more

High energy prices wake-up call for future rises

(Montel) Current high energy prices were unrelated to EU climate policies but could be a wake-up call to…

Read more

Strong winds to drive German spot power further down

(Montel) German day-ahead power prices looked set to fall on Wednesday as forecasters tipped strong wind generation…

Read more

German Greens leader blasts Nord Stream 2 “blackmail”

(Montel) Germany should resist approving Russia’s Nord Stream 2 gas pipeline until its operators were separate from…

Read more

G7 can “fully decarbonise” electricity supply by 2035 – IEA

(Montel) G7 members should be able to “fully decarbonise their electricity supply by 2035,” putting them on track…

Read more

Oil retreats from multi-year highs on US inventory build

(Montel) Crude oil prices edged lower in early Wednesday trading, pulling away from multi-year highs reached earlier this…

Read more

Forestalia takes 780 MW in Spanish green auction

(Montel) Green energy developer Forestalia was awarded 780 MW of capacity in Spain’s 3.3 GW renewables auction on…

Read more

Carbon tumbles through 2-month low

(Montel) European carbon prices reached their lowest levels in two months on Tuesday as observers noted mounting…

Read more

Carbon to average EUR 67 in Q4, EUR 60 in H1 – Refinitiv

(Montel) European carbon prices are expected to average EUR 67/t in the fourth quarter and EUR 60/t in…

Read more

Gas front month falls but supply concerns curb losses

(Montel) The European front-month gas contract continued to lose ground on Tuesday amid widespread profit-taking, with the sell-off…

Read more

France names new head of CNR hydropower firm

(Montel) France has named Laurence Borie-Bancel to replace Elisabeth Ayrault as chairwoman of hydropower producer Compagnie Nationale du…

Read more

No clarity on winter gas risk before late December – SEB

(Montel) Clarity on whether European gas prices would retreat from elevated levels or “go ballistic” this winter…

Read more

Spain’s annual rooftop solar growth set to double – expert

(Montel) Spain’s annual rooftop solar growth is set to more than double from a previously expected 700 MW/year…

Read more

Lightsource BP to build 757 MW solar capacity in Poland

(Montel) Lightsource BP, the renewables arm of energy giant British Petroleum, has partnered with an unnamed Polish firm…

Read more

German Q1 power sheds EUR 3 amid gas sell-off

(Montel) The German front-quarter power contract fell EUR 3 on Tuesday, gleaning direction from a sell-off in…

Read more

Europe set to exit coal “very soon” after 2030 – EC analyst

(Montel) Europe was set to see an exit from coal-fired generation “very soon” after 2030 in order to…

Read more

UK reaffirms commitment to offshore wind, green H2

(Montel) The UK government has reaffirmed plans for 40 GW of offshore wind-power capacity and 5 GW…

Read more

Coal barges to Germany reduce cargoes due to low water

(Montel) Coal barges earmarked for German destinations are loading as much as a third below full capacity…

Read more

Spain's move to tackle crisis threatens green progress

(Montel) The Spanish government's measures to tackle spiralling energy prices have halted the development of new green plants…

Read more

Chinese coal surges to record USD 300/t on tight supply

(Montel) Chinese coal futures prices have surged to nearly USD 300/t amid cold weather and insufficient domestic…

Read more

Spain PPA demand strong despite regulatory doubts – Acciona

(Montel) Demand for Spanish power purchase agreements (PPA) will continue to prosper despite government intervention in the wholesale…

Read more

EDF told to run safety checks at 54 reactors

(Montel) France’s ASN nuclear safety authority has ordered EDF to carry out safety checks at 54 reactors following…

Read more

Largest floating wind farm (50 MW) starts up off Scotland

(Montel) The “world’s largest” floating offshore wind farm (50 MW) has started up near the Scottish coast, developer…

Read more

Nordic power front month, quarter trade flat on wet outlook

(Montel) Nordic power for the front month and quarter dropped in early trade amid a continuing wet weather…

Read more

BHP ramps up coal production by 17%

(Montel) BHP hiked thermal coal production 17% on the year in the first quarter of the 2021-2022…

Read more

German spot to plunge almost EUR 90 on surging wind power

(Montel) German day-ahead power prices looked set to plummet almost EUR 90 on Tuesday, as forecasts showed wind…

Read more

Oil off highs as economic concerns curb gains

(Montel) Oil was rising on Tuesday but off recent multi-year highs amid economic concerns that highlighted the risk…

Read more

UK government to unveil GBP 10bn green growth plans

(Montel) The UK government later today will announce almost GBP 10bn in investment pledged by companies to support…

Read more

More than 20% of European gas plants are lossmaking – report

(Montel) More than one-fifth of European gas-fired power gas plants are lossmaking and most of the planned new…

Read more

Coal dives amid profit-taking

(Montel) European front-month coal prices dropped nearly 7% in afternoon trading, following initial gains, amid profit-taking and…

Read more

Turkey’s net zero plans may halt coal investments

(Montel-Foreks) Turkey's newly ratified plans to reach net zero emissions by 2053 could halt further investment in…

Read more

France extends gas tariff freeze to July – regulator

(Montel) France will extend a freeze on regulated gas tariffs to July to mitigate the impact of soaring…

Read more

Prompt coal prices gain on tight supply

(Montel) European front-month coal prices continued to rise in early Monday trading, buoyed by tight supply and supportive…

Read more

Volatile energy markets to boost short-term PPAs – Pexapark

(Montel) Soaring energy prices and increased volatility will drive demand for short-term power purchase agreements (PPA), the head…

Read more

Gas prices soar as pipeline auctions disappoint

(Montel) European gas prices surged by more than 20% on Monday following auction results for pipeline capacity…

Read more

Gazprom fails to book extra gas transit capacity via Ukraine

(Montel) Russia's Gazprom has failed to book additional gas transit capacity via Ukraine to European destinations for…

Read more

Nordic November, Q1 power gain on cooler weather, less wind

(Montel) The Nordic November and Q1 power contacts gained on Monday, with some forecasts expecting cooler weather…

Read more

Belgium raises offshore wind target to 5.8 GW by 2030

(Montel) The Belgian government has raised its 2030 offshore wind target from 4.4 GW to 5.8 GW,…

Read more

BayWa Re acquires 48 MW Scottish wind farm

(Montel) German renewables firm BayWa Re has purchased the project rights for a 48 MW wind farm located…

Read more

Gazprom fills first Nord Stream 2 string with gas

(Montel) Russia’s Gazprom has filled the first string of the 55bcm/year Nord Stream 2 gas pipeline, linking Germany…

Read more

German spot power set to plummet as wind output soars

(Montel) German day-ahead power prices looked set to fall EUR 37 on Monday as wind output should more…

Read more

Oil hovers at multi-year highs on energy crisis

(Montel) Oil prices were trading at fresh multi-year highs on Monday amid a global energy supply shortage, with…

Read more

Ineos to invest EUR 2bn in green hydrogen production

(Montel) UK petrochemicals firm Ineos plans to invest EUR 2bn in green hydrogen production across Europe in the…

Read more

GO market requires real-time verification – report

(Montel) The European guarantees of origin (GO) market needs real-time verification and a stable regulatory framework to thrive…

Read more

Fuel prices retreat ahead of gas tender

(Montel) European energy prices dropped on Friday, led by gas which slumped due to forecasts of increased wind…

Read more

Germany should exit coal by 2030 – Greens, SPD, FDP

(Montel) Germany should exit coal-fired power generation by 2030 to meet the country’s climate goals, the Greens, the…

Read more

Gas prices fall on outlook for mild weather, more wind

(Montel) European gas prices dropped on Friday as forecasts for rising wind power generation and mild temperatures eased…

Read more

Germany consults neighbours amid NS2 assessment

(Montel) Germany is consulting neighbouring countries amid its assessment over the pending certification of Russia’s Nord Stream 2…

Read more

Carbon prices surge on technicals, gas supply concerns

(Montel) European carbon prices made a late surge on Friday on technical trading and gas supply concerns after…

Read more

Russia fulfilling its gas export commitments – Timmermans

(Montel) Russia is fulfilling its gas supply agreements with the EU and there was no reason to believe…

Read more

Nordic power jumps EUR 2 on strong German market, fuels

(Montel) Nordic power futures rose up to EUR 2 on Friday in line with a large discount to…

Read more

Lithuania to add 5 GW of renewables by 2030 – TSO

(Montel) Lithuania plans to add 5 GW of renewables capacity by 2030, while mulling clean hydrogen production and…

Read more

Nordic power traders fear consequences of surging prices

(Montel) Nordic power traders and analysts are concerned about potential bankruptcies and falling market liquidity if record high…

Read more

German renewables capacity to rise to 180 GW by 2026 – study

(Montel) Germany’s renewables capacity should rise to 180 GW by end-2026, with the bulk of growth stemming from…

Read more

French regulator boosts surveillance of energy markets

(Montel) France’s CRE energy regulator is strengthening its surveillance of wholesale electricity and gas markets to avoid…

Read more

German spot power to fall next week as wind output rises

(Montel) German spot power prices should fall next week, as forecasts show higher wind power generation and…

Read more

Orsted, Ze Pak team up to build offshore wind in Poland

(Montel) Danish energy firm Orsted and Polish utility Ze Pak intend to jointly bid for licences to build…

Read more

Crude prices rise on demand optimism amid switch from gas

(Montel) Crude oil was higher early on Friday on optimism that soaring gas prices will prompt a…

Read more

Power bosses urge EU leaders to keep prices market-based

(Montel) Chief executives of big energy utilities including France’s EDF want to keep prices market-based and avoid “short-sighted…

Read more

Carbon firms in range-bound trading

(Montel) European carbon prices climbed on Thursday in range-bound trading, yet the market could see further gains.…

Read more

Front-month gas prices spiral as supply concerns persist

(Montel) European gas contracts jumped across the curve on Thursday, including a EUR 9 rise for the front…

Read more

German power Cal 22 leaps EUR 6 on gas rally

(Montel) Germany’s benchmark front-year power contract leapt EUR 6 on Thursday in line with another jump in gas…

Read more

Turkish coal imports drop 14% amid switch to gas

(Montel) Turkish thermal coal imports slipped 14% in August, with sharp declines reported from Russia and Colombia,…

Read more

Finnish firms plan wind, solar, storage hybrid by 2023

(Montel) Finnish renewables developer VSB Uusiutuva Energia and solar power firm Solarigo Systems plan to complete Finland’s first…

Read more

Spanish industrials halt output amid energy price crisis

(Montel) Two Spanish energy-intensive firms have halted production due to Europe’s current energy price crisis, which have…

Read more

German 1.5 GW onshore wind tender clears at EUR 57.90/MWh

(Montel) Germany has tendered 1.5 GW of onshore wind capacity with 166 successful bids receiving average subsidy payments…

Read more

Newcastle coal index hits new highs on supply woes

(Montel) Pacific-basin benchmark coal prices extended record highs this week amid severe nearby supply shortages and buoyant…

Read more

Oil demand gets boost from soaring gas prices – IEA

(Montel) Global oil demand is rising faster than expected as soaring gas prices have prompted a switch to…

Read more

Nordic Q1 power drops to near 2-month low on wet outlook

(Montel) Nordic power fell amid mild and wet weather forecasts on Thursday, with the Q1 contract dropping EUR…

Read more

Green steel profitable with CO2 at EUR 80-100/t – Hybrit

(Montel) The cost of producing steel from green hydrogen could be equally profitable with that produced from fossil…

Read more

PPA prices up 8% with energy crunch

(Montel) European power purchase agreement (PPA) prices rose 8% quarter on quarter due to the energy crisis, platform…

Read more

German spot power eyes 19% drop as output rises

(Montel) German day-ahead electricity prices were set to shed 19% at settlement on Thursday amid rising output…

Read more

Crude prices rise on possible gas to oil switch this winter

(Montel) Crude prices rose on Thursday amid expectations soaring gas prices would lead to a switch to oil…

Read more

EC measures to lower energy prices insufficient – Spain

(Montel) A regulatory “toolbox” presented on Wednesday by the European Commission (EC) to address the current energy price…

Read more

Putin gives no indication of increasing Russian gas supplies

(Montel) Russian president Vladimir Putin denied Russia is limiting gas supplies to Europe in a bid to drive…

Read more

Norway GO exit won't breach EU rules – government

(Montel) A Norwegian withdrawal from the European guarantees of origin (GO) market system will not violate the…

Read more

Front-month gas gains on low storage, high LNG

(Montel) European front-month gas gained on Wednesday, as low storage levels, high LNG prices and dipping Russian…

Read more

High prices an “opportunity” for EDF reform – ministry

(Montel) Record high power prices represented a “once in a cycle” opportunity to realise reform of France’s state-owned…

Read more

New government wants to pull Norway out of GO market

(Montel) Norway’s new government said it wants to withdraw from the guarantees of origin (GO) market, while it…

Read more

German power rises amid strong fuels

(Montel) German power prices continued to rise across all contracts on the EEX amid an increase in gas,…

Read more

OTC gas trading volumes slide 16% in September – Leba

(Montel) Traded gas volumes in European brokered markets fell 16% year on year in September, led by…

Read more

Two German gas retailers stop selling to new customers

(Montel) At least two German gas providers have stopped taking on new customers for their gas retail business…

Read more

Opec trims 2021 oil demand outlook despite energy squeeze

(Montel) Opec has revised down its global oil demand outlook for 2021, largely due to lower-than-expected consumption levels…

Read more

EC to ask watchdog to probe CO2 trading activities

(Montel) The European Commission will ask the EU’s financial watchdog Esma to examine trading behaviours in the carbon…

Read more

India faces blackouts as coal stocks hit 7-year low

(Montel) India is facing the prospect of winter blackouts, with generators priced out of the inflated seaborne…

Read more

Nordic power futures rise on strong fuels, German power

(Montel) Nordic power futures rose on Wednesday amid prices increases for fuels and German power, as the wet…

Read more

Chinese coal imports jump 76% in September

(Montel) Chinese coal imports jumped 76% on the year in September to a nine-month high of 1.1m…

Read more

Polish power output climbs 19% in September – TSO

(Montel) Polish power output surged 19% in September compared with a year earlier, to 14.8 TWh, according to…

Read more

Key Russian coal terminal declares force majeure

(Montel) Russia’s largest coal producer Suek has declared force majeure at its 24m tonnes/year Daltransugol terminal at…

Read more

Cold winter would require up to 10% more gas imports – TSOs

(Montel) Europe would need gas imports up to 10% higher than the maximum import volumes of recent years…

Read more

Oil prices ease ahead of weekly US inventory data

(Montel) Crude oil prices traded a shade down early on Wednesday as market participates debated the energy crunch…

Read more

German spot power set to dip as wind and nuclear output rise

(Montel) German day-ahead power looked set to decline on Wednesday due to an increase in wind and…

Read more

Energy transition is “too slow” to reach net zero goal – IEA

(Montel) The world is gradually transitioning towards green energy but the pace is too slow to achieve net…

Read more

Macron announces EUR 1bn for new reactors, targets green H2

(Montel) France will invest EUR 1bn by 2030 in developing small modular reactors (SMR) as well as making…

Read more

French firms urged: “Buy gas and power now!"

(Montel) Companies should purchase power and gas now for delivery into 2026, despite current high prices, to ensure…

Read more

Fuels rise as supply fears prevail

(Montel) Gas and coal continued to rise on Tuesday, as fears of a supply crunch this winter drove…

Read more

German front-month power rises on gas, coal gains

(Montel) German front-month power extended recent gains on Tuesday, as European gas and coal continued their rise.…

Read more

Gas prices rise in “volatile, unstable” market

(Montel) European prices rose on Tuesday on the back of colder weather forecasts, though the gains were…

Read more

Norway plans EUR 1/MWh tax on onshore wind power production

(Montel) Norway's outgoing government has proposed introducing a tax on onshore wind power production, it said when presenting…

Read more

French energy-intensive firms call for “emergency” aid

(Montel)  France’s energy-intensive industry needs “emergency measures” to cope with high energy and gas prices without curbing output…

Read more

FocusEconomics hikes 2022 coal price outlook 45%

(Montel) Pacific basin benchmark coal prices could average USD 132.80/t next year, up 45% – or USD…

Read more

Analysts revise up 2022 US gas price outlook by 21%

(Montel) Economic analysis firm FocusEconomics has revised up its forecast for average US benchmark Henry Hub gas…

Read more

Nordic power futures extend losses on wet weather outlook

(Montel) Nordic power futures extended losses early on Tuesday as market participants expected wetter and windier weather…

Read more

La Nina return could exacerbate coal supply tightness

(Montel) There is triple the normal chance of the so-called La Nina weather pattern occurring this year,…

Read more

German spot power set to jump as wind output halves

(Montel) German day-ahead power prices looked set to gain near EUR 30 on Tuesday amid forecasts for…

Read more

Oil hovers around multi-year highs as energy crisis persists

(Montel) Oil prices continued to hover around multi-year highs on Tuesday as sky high coal and gas indicated…

Read more

UK raises ETS cost curb measure 7% for January

(Montel) The UK has raised its cost curb measure for emissions certificates – UKAs – by 7% month…

Read more

Nord Pool CEO Kari Thorud resigns

(Montel) Kari Ekelund Thorud has resigned as CEO of Nord Pool after three years in the position,…

Read more

Carbon bounces back 2% amid coal power demand

(Montel) European carbon prices traded around 2% higher on Monday afternoon, regaining some of last week’s lost ground…

Read more

Swedish opposition calls for action on power price zones

(Montel) Sweden's centre-right opposition parties have called on the government to act amid widening price differences in the…

Read more

Norway top court rules 544 MW wind farm licence invalid

(Montel) Norway’s supreme court ruled on Monday that the licence for two wind farms in central Norway, with…

Read more

German power Cal 22 rebounds with fuels strength

(Montel) German front-year power rebounded from last week’s sell-off on Monday, as a tight global supply picture countered…

Read more

Spanish spot power prices slide on flagging demand

(Montel) Spanish day-ahead power prices looked set to drop this week amid expectations of flagging demand with futures…

Read more

French regulator rejects calls to waive Arenh penalties

(Montel) France’s energy regulator CRE rejected calls by six suppliers to waive penalties imposed on them after they…

Read more

November coal holds above USD 220 amid tight supply

(Montel) Atlantic basin coal prices resumed their upward path in Monday trading – following a sharp sell-off…

Read more

Gas prices soften on windier, milder weather

(Montel) European gas futures were lower on Monday in volatile trading amid forecasts of windier and milder…

Read more

Dutch Gate LNG terminal to boost capacity 12.5% by 2024

(Montel) The Gate LNG terminal, in the Netherlands, will increase capacity by 1.5bcm/year, to 13.5bcm, by October 2024,…

Read more

Europe's LNG imports rise 16% to 1.65bcm

(Montel) Seaborne LNG deliveries to key European destinations rose around 16% last week to 1.65bcm, while a…

Read more

Nordic power extends sell-off on mild, wet weather outlook

(Montel) Nordic power futures extended last week’s sell-off early on Monday as forecasts indicated wetter, milder and windier…

Read more

UK asset manager, Irish developer plan 1 GW solar, storage

(Montel) UK asset manager Gresham House and Irish renewables developer Strategic Power Projects (SPP) plan a joint venture…

Read more

German spot power edges down amid wind boost

(Montel) German day-ahead power prices looked set to ease on Monday, as increasing wind production countered colder…

Read more

Crude rises on supply concerns amid surging energy prices

(Montel) Crude oil rose to fresh multi-year highs early on Monday on supply concerns amid surging prices…

Read more

Few climate benefits in non-green hydrogen – study

(Montel) Only hydrogen produced with renewable energy met eligibility standards under the EU’s renewable energy directive, according…

Read more

Fuels sell-off continues after turbulent week

(Montel) European coal and gas prices continued to lose ground on Friday amid ongoing profit-taking after a…

Read more

Germany faces no power shortage despite price spike – TSOs

(Montel) Germany will have enough electricity to meet demand this winter, even though a recent spike in wholesale…

Read more

Carbon EUAs face headwinds as volatility mounts

(Montel) European carbon prices were under growing pressure from the fallout of a surge in energy costs,…

Read more

Front-month gas prices fall on LNG, supply hopes

(Montel) European front month gas prices retreated on Friday amid market expectations that more LNG and Russian…

Read more

Moves to curb energy crisis smack of “panic” – Eurelectric

(Montel) Moves by a number of European governments to curb the current crisis sparked by spiralling energy costs…

Read more

Germany to see windier, milder end to October

(Montel) Colder German conditions in the next fortnight should give way to a milder end to October, with…

Read more

Finnish 1.3 GW offshore wind farm eyes 2028 start

(Montel) Finnish state-owned property manager Metsahallitus is looking for a partner to develop a 1.3 GW offshore wind…

Read more

Gas price boom jeopardising industry – Italian lobby

(Montel) A group representing large gas users in Italy has urged the government to take action against the…

Read more

Nordic power curve tumbles on wetter weather

(Montel) Nordic power contracts were trading markedly lower on Friday amid improved hydropower stocks and wetter weather forecasts.…

Read more

Poland's solar capacity expands to 6 GW

(Montel) Poland added 346 MW of solar capacity in August, raising the country's total capacity to 5,970 MW,…

Read more

German spot power to edge up next week as cold hits

(Montel) German spot power prices could climb further next week – after already breaking records this week…

Read more

TTF price rally lures liquidity to exchanges

(Montel) Liquidity on the day-ahead TTF over-the-counter market has fallen to the lowest level in more than six…

Read more

Crude prices rise as US downplays release of reserves

(Montel) Crude oil was higher early on Friday as the US energy department played down indications that…

Read more

Paris agreement may hamper Turkish fossil fuel plans

(Montel-Foreks) Turkey has this week adopted the Paris climate agreement, potentially putting a nail in the coffin…

Read more

EDF calls for fixed rates to replace market power prices

(Montel) The EU should introduce fixed power prices for long-term contracts, independent of the wholesale market, to protect…

Read more

Carbon gains ground after sell-off

(Montel) European carbon prices were climbing in a volatile session on Thursday, wiping out earlier losses and bucking…

Read more

EC to revisit joint gas buying, storage rules

(Montel) The European Commission is revisiting the idea of an EU platform for buying natural gas after countries…

Read more

Spain approves lifetime extension of Asco nuclear reactors

(Montel) Spain’s Asco nuclear power plant (2 GW) received final approval from the government on Thursday to…

Read more

Gazprom may have more gas for export in November – analysts

(Montel) Russia’s Gazprom is aiming to have completed replenishment of its domestic underground gas storage (UGS) facilities…

Read more

High market prices to boost French PPAs – experts

(Montel) Soaring wholesale power prices have prompted a surge in power purchase agreements (PPA) in France, where uptake…

Read more

German power curve plummets EUR 170 in see-sawing market

(Montel) Contracts along the German power curve plummeted up to EUR 170 on Thursday after yesterday’s unprecedented rise.…

Read more

German power demand to rise to 698 TWh in 2030 – study

(Montel) Germany’s power demand should rise 17% from 2018 levels to 698 TWh in 2030 and to 910…

Read more

Gas prices fall as sell-off continues

(Montel) European gas contracts were falling on Thursday morning in an ongoing sell-off triggered when Russian president Vladimir…

Read more

Cleared coal futures on Ice jump to 9-month high

(Montel) Coal futures and options volumes cleared on the UK’s Ice exchange surged 48% in September to…

Read more

TSO sees UK winter gas demand slightly down at 49.4bcm

(Montel) The UK will consume 49.4bcm of natural gas this winter, 1.3bcm lower than last winter and marginally…

Read more

Nordic Q1 power drops EUR 3 as German prices tumble

(Montel) The Nordic Q1 power contract fell more than EUR 3 early Thursday, extending losses from the…

Read more

Carbon seen tracing bumpy road to EUR 100/t this decade

(Montel) European carbon prices are likely to land somewhere between EUR 80-100/t by 2030, according to some…

Read more

Oil prices slip after rise in US crude inventories

(Montel) Crude oil prices traded lower early on Thursday after an unexpected increase in US crude and gasoline…

Read more

German spot power eyes EUR 60 drop as supply increases

(Montel) German day-ahead power prices were set to shed over EUR 60 from record highs on Thursday…

Read more

EC warns against ad hoc interventions in carbon market

(Montel) The European Commission warned against intervening in the ETS carbon market to try to mitigate soaring prices…

Read more

Energy should not become "weaponised" – US energy secretary

(Montel) The US energy secretary is watching Europe’s energy crisis with concern and is “aware” of concerns about…

Read more

Putin claims Russia prepared to raise gas exports

(Montel) Russia is prepared to increase gas supply to Europe, if requested and is already likely to…

Read more

ECJ dismisses Tempus challenge of Polish capacity market

(Montel) The European Court of Justice (ECJ) on Wednesday dismissed a challenge by the UK’s Tempus Energy against…

Read more

CO2 rally to provide EUR 30bn for EU governments this year

(Montel) European governments will see their revenue from the EU ETS double off pre-pandemic levels this year,…

Read more

Energy prices plunge on “broken” gas market

(Montel) European energy prices dived on Wednesday after hitting fresh highs, as the gas market erased gains in…

Read more

High prices prompt EC to review power market design

(Montel) The European Commission plans to review the EU’s wholesale power market design as part of its response…

Read more

Tinkering with ETS has limited impact on power prices – EC

(Montel) Tinkering with the EU’s carbon market would have limited impact on countering soaring power prices, said European…

Read more

German power prices tumble after “panic buying”

(Montel) German power futures retreated from contract highs reached earlier on Wednesday, taking a cue from similar moves…

Read more

UK grid can operate without coal from 2025 – TSO CEO

(Montel) The UK’s power system can operate without coal from mid-decade despite the dirty fuel proving vital…

Read more

Prompt gas soars to EUR 160 on cold, fewer renewables

(Montel) European day-ahead gas shot up to new records at EUR 160/MWh on Wednesday, as dipping temperatures…

Read more

Nord Stream 2 can challenge EU directive – adviser

(Montel) The operator of the Nord Stream 2 gas pipeline is entitled to challenge an EU gas…

Read more

Gas is fastest, easiest way to decarbonise – Shell

(Montel) Switching from coal to gas-fired generation is the quickest near-term solution for decarbonisation, while “coordination” was…

Read more

5 EU nations urge reforms amid energy price crisis

(Montel) Europe must “reform” its wholesale power market to better reflect national production costs in the price paid…

Read more

TSOs earn EUR 13m “bottleneck income” from UK-Norway cable

(Montel) TSOs National Grid and Statnett have earned EUR 13m in “bottleneck income” so far during commercial trial…

Read more

Carbon prices plunge 7% amid political intervention fears

(Montel) Europe’s benchmark carbon contract fell 7% on Wednesday morning amid mounting concerns exploding power and fuel costs…

Read more

EU ministers win backing for “predictable” carbon prices

(Montel) A group comprising five European finance ministers has proposed to address Europe’s exploding energy costs by ensuring…

Read more

Nordic power rises as German prices skyrocket

Nordic power futures closer in rose on Wednesday, with the November contract rising over EUR 1, as…

Read more

Indian blackout threat unlikely to spur coal import spike

(Montel) Indian coal-fired power plant stocks are on average sufficient for just four days’ generation, raising the…

Read more

Spain set to probe drop in green generation

(Montel) The Spanish government has asked the country’s regulator to investigate a drop in renewables generation after emergency…

Read more

German power soars past EUR 300 as fuels rally

(Montel) The German power front-month contract soared over 20% on Wednesday, buoyed by an “insane” rally across energy…

Read more

EC to propose tax cuts, PPAs to tackle energy “price shock”

(Montel) Lower taxes and promoting more longer-term power purchase agreements (PPAs) are options the European Commission will present…

Read more

German spot power set to hit eye-watering EUR 335

(Montel) German day-ahead power looked set to nearly double from already triple-digit prices and hit an unprecedented…

Read more

Oil prices hold near multi-year highs amid “energy crunch”

(Montel) Crude oil prices hovered near multi-year highs early on Wednesday amid supply constraints across the global energy…

Read more

Carbon nears record highs on relentless gas surge

(Montel) European carbon prices staged a late rally on Tuesday boosted mainly by continental gas markets surging to…

Read more

France moves to improve acceptance of wind power

(Montel) French energy minister Barbara Pompili on Tuesday set out measures aimed at improving local acceptance of wind…

Read more

Gas, coal continue rally amid global shortage

(Montel) European gas and coal prices continued to rise on Tuesday, as the “global scarcity” of the fuels…

Read more

EEX, Nasdaq label European power markets “stressed”

(Montel) EEX and Nasdaq Commodities have labelled European power futures contracts as “stressed” markets due to high volatility,…

Read more

Repsol raises 2030 renewables goal by 60%

(Montel) Spanish energy firm Repsol has raised its renewable power capacity goal by 60%, aiming to have 20…

Read more

Indonesia sets October coal price at a new record high

(Montel) The world’s largest thermal coal exporter, Indonesia, has set its October coal reference price at a…

Read more

German power front month soars EUR 55 on tight market

(Montel) German power contracts soared to new records on Tuesday amid a still-tight market, with prices on the…

Read more

Surging fossil fuel prices seen as renewables “opportunity”

(Montel) Surging fossil fuel and power prices should be considered an opportunity to justify renewables and encourage…

Read more

Prompt gas spikes above EUR 110 to fresh record

(Montel) Near term European and UK gas prices surged to a fresh record above EUR 110/MWh on…

Read more

Coal soars USD 23 amid supply dearth

(Montel) Front-month European coal prices jumped USD 23 in Tuesday trading to a new multi-year high, as…

Read more

Nordic Q1 power jumps EUR 7 on German gains, drier outlook

(Montel) The Nordic Q1 power contract gained more than EUR 7/MWh in early Tuesday trading in response to…

Read more

German regulator fines trading firms for market manipulation

(Montel) Germany’s energy regulator BNA has imposed fines on power trading companies Energi Danmark and Optimax Energy –…

Read more

EU seeks temporary, targeted response to high energy prices

(Montel) Rising energy prices need a "temporary and targeted" response that respects the EU's single market and state…

Read more

German spot power set to rise on lower imports from France

(Montel) German day-ahead power prices looked set to rise by around EUR 17 on Tuesday amid expectations that…

Read more

Denmark approves permit for operation of NS2 string

(Montel) The Danish Energy Agency has approved the operation of the second string of the 55bcm/year Nord Stream…

Read more

Poland urges EC probe of Gazprom gas supply issue

(Montel) Poland has urged the European Commission to probe Russian energy firm Gazprom’s alleged policy of “cutting supply…

Read more

WTI oil near 7-year high as Opec+ sticks to quota plan

(Montel) US oil prices remained near a seven-year high on Tuesday as the Opec+ cartel declined to accelerate…

Read more

Experts question UK plans to go 100% green by 2035

(Montel) UK plans to be “net zero” by 2035 – as announced by business secretary Kwasi Kwarteng –…

Read more

Coal at fresh high as supply concerns linger

(Montel) European coal prices hit fresh record highs on Monday amid ongoing supply shortages, pushing up gas.…

Read more

Nord Stream 2 clears one German permission hurdle

(Montel) The controversial Nord Stream 2 pipeline from Russia to Germany has crossed one of the last permission…

Read more

Germany may face capacity gap of over 50 GW by 2030 – Timera

(Montel) Germany could face a power capacity gap of over 50 GW by 2030 if it exits all…

Read more

Greece wants ETS revenues used to mitigate high energy price

(Montel) Greece wants EU environment ministers to discuss using revenues from selling ETS allowances to help mitigate high…

Read more

Europe leads H2 with 40% of global capacity – IEA

(Montel) Europe is leading development of low carbon hydrogen with more than 140 MW of a total of…

Read more

German power spirals EUR 13 to new record

(Montel) German front-year power extended its record high on Monday after gaining more than EUR 13 on the…

Read more

Spanish power prices rise on less wind, lofty gas

(Montel) Spanish spot power prices were set to rise this week amid expectations of less wind production, while…

Read more

EU ministers to discuss ETS speculation on Wednesday

(Montel) EU environment ministers are set to discuss speculation in the bloc's carbon market as part of a…

Read more

Gas prices near record on cooler weather, supply concerns

(Montel) European gas prices came close to record highs on Monday due to continued global supply concerns…

Read more

Shell eyes 700 MW solar development in the UK

(Montel) UK energy giant Shell and UK renewable energy developer Island Green Power have signed a framework agreement…

Read more

Not transiting Russian gas flows to Hungary – Ukraine

(Montel) Ukrainian gas system operator TSOUA on Monday denied reports that it has resumed the transit of gas…

Read more

German renewable capacity expands 554 MW in August

(Montel) Germany added 554 MW of renewable capacity to the grid in August, data from the country’s BNA…

Read more

Statkraft acquires 350 MW of wind farms in Germany, France

(Montel) Norway’s Statkraft has acquired the wind portfolio of Breeze Three Energy in Germany and France, accumulating…

Read more

Renewables take 25% share of UK September power output

(Montel) Renewable power sources in September still accounted for around a quarter of UK’s power mix last…

Read more

Nordic Q1 power jumps 9% on drier outlook

(Montel) Nordic power futures extended Friday’s gains on Monday, with the Q1 contract rising EUR 6, or 9%,…

Read more

OX2 plans up to 400 MW wind farm in Finland

(Montel) Swedish renewables developer OX2 plans to launch a 150-400 MW onshore wind farm in northwestern Finland by…

Read more

Coal prices soar with supply still tight

(Montel) European coal prices remained at their highest levels in well over a decade amid tight spot…

Read more

Portuguese GO auction prices surge to EUR 1/MWh

(Montel) Prices for Portuguese guarantees of origin (GOs) for renewable power produced in 2021 soared 133% to EUR…

Read more

German spot power steadies on rising demand and wind output

(Montel) German day-ahead power prices looked set to hold steady on Monday as rising demand offsets more wind…

Read more

European spot power prices turn negative on wind, rain

(Montel) Hourly spot prices hit negative territory across several European markets, including the Nordic region, in the early…

Read more

Oil softens ahead of Opec decision on quotas

(Montel) Oil prices were trading softer on Monday, after surging to a three-year high on Friday, ahead of…

Read more

UK power will be 100% green by 2035 – Johnson

(Montel) UK prime minister Boris Johnson is set to reveal a new target that all the country’s electricity…

Read more

Gazprom gas exports to Europe jump 16% in Jan-Sept

(Montel) Gazprom's gas exports to Europe rose 16% year on year in the first nine months of the…

Read more

Gazprom’s September gas auction sales drop 9%

(Montel) Russian energy firm Gazprom’s gas sales to European customers via auction last month dropped 9% on the…

Read more

Coal jumps to new highs on supply concerns

(Montel) European coal prices jumped to fresh multi-year highs on Friday as the tightness in short-term supplies and…

Read more

French suppliers warn of bankruptcies if prices capped

(Montel) French government measures to cap gas and power bills amid soaring wholesale prices will distort competition and…

Read more

France may reach early decision on new reactors – minister

(Montel) France could make a decision on the construction of six new generation European pressurised reactors (EPRs) earlier…

Read more

Eesti Energia starts assessment of 1 GW wind farm

(Montel) Estonian electricity producer Eesti Energia has started an environmental impact assessment for a planned 1 GW offshore…

Read more

ERG to buy 152 MW wind, solar portfolio in France, Germany

(Montel) Italian renewable energy operator ERG has agreed to buy a 152.4 MW renewable energy portfolio in France…

Read more

Spain's gas demand rises 3.6% in September

(Montel) Spanish gas consumption rose by 3.6% year on year in September to about 30.3 TWh on higher…

Read more

EU leaders to discuss energy prices at 21-22 October summit

(Montel) EU leaders will discuss high energy prices at their next summit on 21-22 October, said the European…

Read more

Europe seeks Australian coal amid supply shortfall

(Montel) European coal generators and traders have been seeking coal supplies from ever more distant origins, including…

Read more

EUAs to remain volatile as energy prices soar

(Montel) European carbon prices are expected to see continued volatility next week amid surging energy prices and renewed…

Read more

Germany set for a mild, windy October

(Montel) October was due to see mild and windy conditions in Germany, with minimal chance of a cold…

Read more

Germany sees fuel switch from gas to coal in Q3 – ISE

(Montel) After two years of burning more gas than hard coal during the summer, Germany accelerated coal-fired power…

Read more

Spain tax to cost EUR 3.2bn, curb green transition – experts

(Montel) Emergency measures approved by the Spanish government to curb spiralling power costs could risk the country’s planned…

Read more

Nordic power rebounds on slightly drier weather outlook

(Montel) Nordic power futures rebounded on Friday morning as weather forecasts indicated slightly drier conditions for the…

Read more

Statnett CEO plays down winter power shortage risk

(Montel) There is no risk of a power shortage in Norway this winter despite very low hydropower reservoir…

Read more

Gas pulls back from EUR 100/MWh in volatile start to winter

(Montel) Benchmark European gas prices on the Dutch TTF hub briefly struck a record high EUR 100/MWh…

Read more

Spanish LNG imports set to double in October

(Montel) Spain’s LNG imports could double year on year to 28.1 TWh (2.5bcm) in October, TSO Enagas said…

Read more

German spot power to rise amid less wind, gas surge

(Montel) German spot power prices should rise next week amid lower wind and solar power output and…

Read more

Crude prices fall on possible Opec+ output quota increase

(Montel) Crude oil was slightly lower early on Friday amid the possibility that the Opec+ production group…

Read more

Gas remains near highs as cold weather looms

(Montel) European gas contracts were trading near multi-year highs on Thursday, as the prospect of colder weather this…

Read more

Germany to see trend of zero-subsidy wind bids – experts

(Montel) Germany’s most recent offshore wind auction suggested zero-subsidy bids could become a trend amid growing developer confidence…

Read more

Spanish power generation falls 5% in September

(Montel) Spanish power generation fell 4.7% year on year in September to 19.4 TWh amid lower renewables production…

Read more

Barge shortage hampers coal plant supplies

(Montel) A lack of barges continues to hamper supply from northwest European seaports to inland coal-fired plants…

Read more

CO2 sell-off continues on demand concerns, technicals

(Montel) European carbon prices resumed a sell-off on Thursday to approach EUR 60/t amid mounting concerns about…

Read more

Soaring prices boost French nuclear outlook – analysts

(Montel) Soaring energy prices have improved the outlook for the future of nuclear power in France and could…

Read more

Steep coal backwardation highlights dearth – analysts

(Montel) Steep backwardation in the European coal market highlights the severe shortfall in spot cargoes, although it…

Read more

GO prices hit 2-year high on surging demand

(Montel) Prices for European guarantees of origin (GOs) hit a two-year high this week boosted by renewed demand,…

Read more

Italy’s GSE to offer 4.8 GW green capacity in 7th tender

(Montel) Italy’s state-owned energy services company GSE will tender just over 4.8 GW of new renewable energy and…

Read more

Norway to export power to UK as new 1.4 GW link comes online

(Montel) The first day-ahead auction on the new North Sea Link (1.4 GW) cable between the UK and…

Read more

German gas market merger to boost liquidity – analysts

(Montel) The merger of Germany’s NCG and Gaspool gas market hubs this week should boost liquidity, although…

Read more

Front-month gas prices extend highs as supply remains tight

(Montel) European front-month gas prices climbed to fresh highs on Thursday amid ongoing concerns about tight supply ahead…

Read more

Energy transition will bring lower prices for all – Spain

(Montel) The EU's energy transition to climate neutrality will eventually bring lower power prices for all, said Spain’s…

Read more

Nordic power prices fall on wet weather

(Montel) Nordic power contracts fell on Thursday on wet weather forecasts and despite soaring German power and gas…

Read more

Newcastle coal index scales new peak over USD 200

(Montel) The Pacific basin’s benchmark coal index has climbed to a fresh all-time high as a global…

Read more

Higher prices expected at Spanish green energy tender

(Montel) Prices at Spain’s 19 October renewable energy auction were likely to clear above those seen in its…

Read more

Oil prices soften after large build in US crude stockpiles

(Montel) Crude oil prices traded weaker early on Thursday, following a significant increase in US crude inventories reported…

Read more

German spot power falls on strong green output, low demand

(Montel) German day-ahead power prices were set to drop on Thursday as forecasts pointed to robust green…

Read more

Norway to export 6 TWh to UK this winter

(Montel) The new North Sea Interconnector between Norway and the UK could see roughly 6 TWh of exports…

Read more

Carbon range-bound, gas rise continues

(Montel) European carbon prices traded sideways on Wednesday as they came off highs set the day before, yet…

Read more

Political reaction to gas surge a “serious” concern – Acer

(Montel) The political reaction to Europe’s gas price surge could threaten the 27-member bloc’s internal energy market,…

Read more

Coal boom helps drive freight to new highs – analysts

(Montel) Booming global coal demand has helped to drive the Baltic Dry Index (BDI) – a bellwether…

Read more

Nordic players express doubts over hourly tracking of GOs

(Montel) The introduction of hourly tracking of guarantees of origin (GO) may be unnecessarily complicated even if it…

Read more

Spain increases winter LNG reserve targets

(Montel) Spain has increased its mandatory LNG winter reserve from 3.5 to 5.5 days of equivalent consumption amid…

Read more

German Cal 22 power rallies amid gas price surge

(Montel) German front-year power continued its rise on Wednesday as gas prices came close to Tuesday’s highs, while…

Read more

Metals firms urge EC to monitor CO2 market, outages

(Montel) The EC should closely monitor outages and surging carbon prices amid the ongoing rally in electricity and…

Read more

High energy prices creating toxic political debate – MEP

(Montel) Current high energy prices are an "extremely toxic development" in the EU's political debate on how to…

Read more

Denmark to double power use by 2030 to meet climate target

(Montel) Denmark’s annual electricity demand is set to double to 64 TWh by 2030 to help cut its…

Read more

China coal import plan to tighten “insane” market – analyst

(Montel) China’s plan to “moderately” increase coal imports to meet heightened demand this winter will potentially further…

Read more

Spain to see low wind and hydropower levels in October – EQ

(Montel) Spain will likely see a continuation of relatively low levels of wind and hydropower generation in the…

Read more

Long-term deals, oil indexation key to gas supply – group

(Montel) The securing of long-term supply contracts, coupled with gas pricing based on oil indexation, is “one…

Read more

Nordic Q4 power falls EUR 5 on wetter outlook

(Montel) Nordic power futures fell on Wednesday, with the Q4 contract dropping more than EUR 5 as weather…

Read more

Prices jump amid enduring gas supply concerns

(Montel) European gas prices rose sharply in early Wednesday trading, however falling short of Tuesday’s multi-year highs,…

Read more

Cut levies, avoid damaging carbon market, urges power lobby

(Montel) National governments should cut taxes and levies on electricity and avoid measures that jeopardise the EU emissions…

Read more

Mallnow gas flows recover but below expectations

(Montel) A recovery of Russian gas flows through the Mallnow entry point into Germany fell short of…

Read more

Brent crude retreats from 3-year high on inflation fears

(Montel) Crude oil prices slumped early on Wednesday as concerns about rising inflation and faster monetary policy tightening…

Read more

German spot power drops EUR 23 as renewables jump

(Montel) German day-ahead power prices looked set to tumble on Wednesday amid forecasts for stronger renewable generation,…

Read more

Carbon falls EUR 2 in late trade after fresh record high

(Montel) European carbon prices erased early gains and ended Tuesday’s session over EUR 2 down on profit-taking in…

Read more

Adriatic LNG offers 1.6bcm/year capacity for regasification

(Montel) Adriatic LNG has invited market operators to submit offers for long-term LNG regasification capacity at Italy’s largest…

Read more

US coal exports tentatively resume following Hurricane Ida

(Montel) Coal exports from one of two US Gulf Coast terminals hit by Hurricane Ida damage in…

Read more

Gas price risks skewed to upside this winter – Refinitiv

(Montel) European gas prices are more likely to extend record highs than tumble in the coming weeks,…

Read more

Some French energy firms fail to supply clients – regulator

(Montel) Some French energy firms are “no longer managing to supply their clients” due to soaring energy prices,…

Read more

CO2, gas hit new highs as markets “on fire”

(Montel) European carbon, gas and oil markets rose to new highs on Tuesday, with the gas and oil…

Read more

French reactors in "worst performance in decades" – report

(Montel) France’s fleet of reactors, Europe’s biggest, delivered their “worst performance in decades” last year, as outages spiralled…

Read more

High prices won’t derail German coal exit auctions – Enervis

(Montel) Germany’s fourth auction to close coal-fired power plant capacity is likely to be competitive despite record…

Read more

Global oil demand set to plateau after 2035 – Opec

(Montel) Global oil demand looks set to level off after 2035, as industrialised nations accelerate the transition to…

Read more

Portugal grants aid to 34 MW green gas projects

(Montel) Portugal has awarded EUR 34m to 13 renewable gas projects with a total capacity of 34 MW,…

Read more

German power soars to new high on gas, CO2 bull run

(Montel) German front-year power soared near EUR 5 to a new high on Tuesday amid a continued bull…

Read more

Spanish spot power climbs to new high, forwards top EUR 200

(Montel) Spanish spot and forward power prices extended recent highs on Tuesday, with futures soaring past EUR 200/MWh,…

Read more

Gas prices skyrocket to new highs on Russia supply “panic”

(Montel) European gas prices skyrocketed EUR 7 to new highs on Tuesday amid a halving of Russian…

Read more

Capital Energy, biotech firm sign 5-year Spanish wind PPA

(Montel) Capital Energy has signed a five-year power purchase agreement (PPA) with biotech company ADL BioPharma to supply…

Read more

Danish power trader Yggdrasil plans to expand EU operation

(Montel) - Danish trading firm Yggdrasil Commodities plans to expand its European power trading operations over the next…

Read more

Nordic power futures rebound 5% on strong fuels, carbon

(Montel) Nordic power futures surged nearly 5% on Tuesday morning amid buoyant fuel markets and a fresh…

Read more

Mallnow gas flows from Russia halve on Tuesday

(Montel) Physical flows of Russian gas through the Mallnow entry point into Germany fell by more than…

Read more

Carbon extends record high on energy rally

(Montel) European carbon prices hit a record high on Tuesday for the third consecutive day of trading amid…

Read more

Statkraft sells Scottish wind farm for GBP 121m

(Montel) Norwegian power producer Statkraft has sold its 36 MW Andershaw wind farm in Scotland to infrastructure fund…

Read more

German spot power to fall 8% as wind output surges

(Montel) German day-ahead power prices looked set to fall around 8% on Tuesday, as forecasts showed wind output…

Read more

Oil exceeds USD 80/bbl on signs of global supply crunch

(Montel) Oil prices exceeded USD 80/bbl for the first time in three years on Tuesday amid indications of…

Read more

TSO flags security of power supply issue in S Norway

(Montel) Norwegian TSO Statnett has warned of a “pressed” security of supply situation in the NO2 and NO5…

Read more

Hungary, Russia sign gas deal for 4.5bcm a year

(Montel) Hungary has signed a 15-year supply deal with Russia to buy 4.5bcm of gas per year, with…

Read more

BASF cuts ammonia production amid high gas prices

(Montel) German chemicals company BASF has curtailed output at two ammonia plants in Germany and Belgium due to…

Read more

UKA gains may trigger December cost containment mechanism

(Montel) The September price rally for UK Allowances (UKAs) is raising the risk of the cost containment mechanism…

Read more

High prices may boost solar PPAs in Sweden – experts

(Montel) A recent surge in local power prices in Sweden could drive demand for long-term power purchase agreements…

Read more

German front-year power spirals EUR 5 to new record

(Montel) German front-year power spiralled near EUR 5 to hit a fresh record high on Monday as European…

Read more

German election delivers mixed reform outlook – experts

(Montel) The tight German election victory by the Social Democrats (SPD) offers only mixed prospects for an…

Read more

Front-month gas jumps EUR 4 as supply conerns persist

(Montel) European front-month gas jumped EUR 4 on Monday as seasonal supply concerns fuelled bullish sentiment despite indications…

Read more

Spanish spot power soars as front year extends highs

(Montel) Spanish spot power prices were set to rise this week amid expectations of less wind production and…

Read more

Tight coal market to extend 13-year highs

(Montel) European coal prices surged to their highest levels in 13 years, as favourable generation margins and…

Read more

Nordic front power slides EUR 1 on wet outlook

(Montel) Nordic front power contracts fell around EUR 1 on Monday as wet weather was expected during the…

Read more

Power market volatility spurs longer term hedging – EEX

(Montel) Volatility in the power markets has led to longer term hedging in recent years, with some participants…

Read more

Carbon surges to new high amid energy’s bull run

(Montel) Europe’s benchmark carbon price hit a new record high on Monday – after surpassing EUR 64/t late…

Read more

German spot power to jump EUR 16 as wind output halves

(Montel) German day-ahead power prices looked set to jump almost EUR 16 on Monday, with wind output forecast…

Read more

Oil hovers around 3-year high on supply tightness

(Montel) Crude was hovering around a three-year high amid an ongoing tightness in supply, while a rally in…

Read more

German SPD vows to tackle climate change after narrow win

(Montel) Germany's Social Democrat party (SPD) has narrowly won the country's general election – according to preliminary results…

Read more

Gas pares losses as carbon climbs

(Montel) European gas contracts pared early losses on Friday afternoon as a supportive carbon market put them…

Read more

Latvia to take legal action over Lithuanian power boycott

(Montel) Latvia is planning to take legal action over a recent decision by neighbouring Lithuania to cut physical…

Read more

German gas provider stops deliveries amid price surge

(Montel) German gas provider Deutsche Energiepool has stopped delivering gas to its customers amid soaring prices for the…

Read more

German power front year rises on bullish coal and carbon

(Montel) Germany’s front-year power contract gained nearly EUR 1 on Friday amid rising fuel and carbon prices.…

Read more

Unhedged energy retailers most vulnerable to price spikes

(Montel) A surge in gas and power prices across Europe is threatening the solvency of smaller energy retailers…

Read more

Gas prices rise as fundamentals remain bullish

(Montel) European gas prices rose on Friday, as the overall fundamental market situation remained bullish amid low storage…

Read more

EUAs seen consolidating in tight range

(Montel) European carbon prices are expected to consolidate in a tight range next week awaiting fresh developments that…

Read more

Enefit Green plans 75 MW Lithuanian wind farm

(Montel) Estonian renewables firm Enefit Green will build a 75 MW onshore wind farm in Lithuania, it said…

Read more

Italy August power demand rises 3% to 26.8 TWh on year – TSO

(Montel) Power demand in Italy rose nearly 3% year on year to 26.8 TWh in August and was…

Read more

Mild, windier weather forecast for Germany in October

(Montel) Germany should see predominantly mild weather next month, with wind production steadily strengthening, forecasters said in four-week…

Read more

Sweden ups transmission capacity but more cuts possible

(Montel) Swedish TSO Svenska Kraftnat will increase available power transmission capacity on a number of its interconnectors from…

Read more

German spot power to rise next week amid muted wind

(Montel) German spot power prices should edge higher next week amid continued below-normal wind, slightly cooler temperatures…

Read more

German election polls point to stiffer climate action

(Montel) Germans will choose a new government this Sunday in an election set to produce a range…

Read more

Polish wind output hits new high at 5.9 GW

(Montel) Polish wind power output hit a record high of 5,947 MW on Thursday at 21:00 CET, according…

Read more

Crude prices near 3-year high on supply concerns

(Montel) Crude oil approached a three-year high early on Friday, as concerns about supplies resulting from US…

Read more

Polish miner plans up to 0.9 GW of nuclear capacity

(Montel) Polish copper miner KGHM has signed a deal with US firm NuScale Power to develop and build…

Read more

Coal hits multi-year highs on supply worries

(Montel) European coal prices extended recent multi-year highs on Thursday amid supply concerns and lingering support from the…

Read more

EU offshore wind to expand at “rapid pace” to 2030 – Rystad

(Montel) Offshore wind was expanding at a “rapid pace” in Europe, with most countries with a coastline planning…

Read more

Wind GOs edge higher amid diminished output

(Montel) European wind guarantees of origin (GO) prices inched up over the last week amid healthy demand and…

Read more

Spot gas continues fall on improving supply, wind

(Montel) European spot gas prices continued their fall on Thursday amid expectations of increased supply and robust…

Read more

German front-year power rebounds with carbon, strong coal

(Montel) German front-year power lost up to EUR 2.24 on Thursday in early trading amid lower gas prices…

Read more

Turquoise H2 cheaper, more efficient than green – Gazprom

(Montel) Russia’s Gazprom considers the production of turquoise hydrogen from imported natural gas in Europe a cheaper, more…

Read more

UK’s increased coal burn unlikely to delay closures

(Montel) The UK’s heightened dependence on coal this month to meet power supply requirements seems unlikely to…

Read more

Coal logistics constraints threaten power plant supply

(Montel) Tight spot coal availability, strong demand and limited logistics capacity are threatening some supplies to German…

Read more

Nordic front power dives EUR 4 on wet outlook

(Montel) Nordic power for October and Q4 dived more than 5%, or EUR 4, on Thursday morning amid…

Read more

Newcastle coal prices near all-time high

(Montel) The Pacific basin’s benchmark coal index gained another 3% this week to bear down on its…

Read more

France will not raise Arenh to combat price hikes – minister

(Montel) France will not seek to raise the volume of nuclear power sold at the Arenh rate to…

Read more

Wind meets 50% of beleaguered UK power output

(Montel) Wind power has returned with a vengeance to the beleaguered UK power mix, meeting more than…

Read more

Less wind, solar drive German spot power back above EUR 100

(Montel) German day-ahead power prices rose on Thursday as forecasts pointed to a retreat in especially strong…

Read more

Brent crude oil prices rise to 10-week high

(Montel) Brent crude oil prices rose to their highest since mid-July on Thursday morning, largely thanks to a…

Read more

EC to publish policy toolbox to tackle high energy prices

(Montel) The European Commission plans to publish a “structured toolbox” to help national governments react to high power…

Read more

Coal resumes uptrend on tight supply

(Montel) European coal prices recovered ground in Wednesday afternoon trading, following profit-taking earlier in the session, as…

Read more

Power, gas price surge forces French industry output cuts

(Montel) Surging wholesale power and gas prices have forced some industrial firms in France to slash output while…

Read more

Gas volatility drives traders to exchange trading – EEX

(Montel) Recent extreme volatility on the gas market has driven traders to shift volumes away from OTC to…

Read more

Gas to remain vital in energy transition to 2040 – Rystad

(Montel) Europe would need to rely on natural gas as part of its ongoing energy transition up to…

Read more

German green hydrogen output may top 44 TWh – study

(Montel) Germany’s potential annual green hydrogen production could exceed 44 TWh if it expanded offshore wind capacity…

Read more

UK allocates GBP 200m to fund industry emissions cuts

(Montel) The UK government has announced investment of GBP 200m to help energy intensive companies cut their use…

Read more

German power curve dives EUR 6 on weaker gas, high wind

(Montel) German curve contracts dived up to EUR 6 on Wednesday driven by lower gas prices and forecasts…

Read more

Mild winter would rebalance gas market – IEA

(Montel) A mild to normal winter would ease a supply squeeze in Europe’s gas markets and rein in…

Read more

Italy won't reach 2030 renewable target until 2090 – lobby

(Montel) Italy will fail to reach its 2030 renewable capacity target before 2090 unless it completes new green…

Read more

Portugal unveils plan to curb soaring energy prices

(Montel) Portugal has announced an EUR 815m plan to curb spiralling energy prices.…

Read more

Energy ministers to discuss response to high prices

(Montel) EU energy ministers plan to discuss the recent price rises for electricity and natural gas at an…

Read more

China’s low coal stocks will buoy global prices – producer

(Montel) China will continue to face low coal stocks ahead of winter, spurring demand for imports and…

Read more

Nordic October power plummets EUR 8.70 on fuels sell-off

(Montel) Nordic front-month power plunged 11%, or EUR 8.70, to EUR 69.70/MWh on Wednesday, depressed by a general…

Read more

US fails to respond to coal price surge – exporter

(Montel) US thermal coal exports will likely remain close to 2019 levels this year as challenges to…

Read more

Experts dismiss call to reduce Norway power exports

(Montel) Norway’s new government would face legal and political obstacles to curb power exports if the aim was…

Read more

German spot power to dive EUR 63 as wind power triples

(Montel) German day-ahead power prices looked set to plunge on Wednesday amid expectations of soaring wind power…

Read more

Oil prices rise amid further signs of tightening US supply

(Montel) Oil prices rose around 1% early on Wednesday after US industry data suggested a further tightening of…

Read more

Gas drives dip in energy complex

(Montel) European energy prices dipped on Tuesday, driven by a decline in gas amid low demand and market…

Read more

Spanish measures may hit investor confidence in power sector

(Montel) Emergency government measures in Spain to tackle rising prices could hit investor confidence in the power sector,…

Read more

Energy price rises need detailed analysis – EC

(Montel) The recent energy price rises need detailed analysis before talking about solutions, a senior European Commission official…

Read more

Europe has 49 GW of excess fossil fuel capacity – report

(Montel) Europe could retire 48.8 GW of excess fossil fuel capacity across its power plant fleet without…

Read more

German front-year power rises as gas surge continues

(Montel) German front-year power rose on Tuesday as a current surge in the European gas market continued, though…

Read more

German lignite plants may be unprofitable by 2030 – study

(Montel) Lignite-fired power plants in eastern Germany could become unprofitable by 2030, eight years ahead of the nation’s…

Read more

High UK power prices show need for cleaner energy – Ember

(Montel) Soaring electricity prices in the UK underline the need for it to drop its reliance on fossil…

Read more

Prompt gas prices extend gains on dour flow outlook

(Montel) European gas contracts extended the previous session’s 10% surge on Tuesday morning as market participants digested…

Read more

LNG demand may soar 91% by 2040 – Rystad

(Montel) Global LNG demand could soar 91% by 2040, from current levels, led by an anticipated surge…

Read more

Nordic October power jumps as hydropower supply worsens

(Montel) Nordic near-term power futures continued to gain on Tuesday, as dry weather forecasts indicated a tightening…

Read more

Pipeline auctions cloud outlook for gas flows to Europe

(Montel) Disappointing bookings for pipeline capacity via Ukraine and Poland have raised the risk of a significant…

Read more

German spot power set to fall on higher green output

(Montel) German day-ahead power prices looked set to shed around EUR 1 on Tuesday, as forecasts showed rising…

Read more

Poland refuses to halt mine supplying 2 GW Turow plant

(Montel) The Polish government is refusing to halt a lignite mine that feeds utility PGE’s nearby 2 GW…

Read more

Coal market to remain tight this winter – Noble

(Montel) The global coal market is likely to remain tight over the winter months as high gas…

Read more

RWE mulls appeal to refusal of Belgian 920 MW gas plant

(Montel) German utility RWE may appeal a decision by the Flemish energy minster to deny the company…

Read more

Oil prices fall amid China economic concerns

(Montel) Oil prices were falling on Tuesday amid concerns over slowing economic growth in China, highlighted by a…

Read more

“No question of lights going out” – UK minister

(Montel) The UK has “sufficient capacity” to meet energy demand this winter with “no question of the lights going out”,…

Read more

Spain warns power price surge could derail EU green plans

(Montel) The current rally in power markets could threaten the EU’s decarbonisation plans, the Spanish government said on…

Read more

CO2 erases early losses on energy gains

(Montel) European carbon prices rose on Monday after trading most of the session in negative territory, supported by…

Read more

France urged to boost Arenh supply to prevent price hike

(Montel) France should raise the amount of nuclear power sold at the EUR 42 Arenh rate to 150…

Read more

ECJ fines Poland on refusal to halt lignite mine

(Montel) The European Court of Justice on Monday fined Poland EUR 0.5m a day for ignoring its order…

Read more

Orsted, Uniper sign deal on German green hydrogen plans

(Montel) Energy companies Orsted and Uniper have signed a memorandum of understanding to develop large-scale hydrogen projects that…

Read more

Gas prices soar EUR 7 as Gazprom failure stokes fears

(Montel) European gas prices jumped nearly EUR 8 on Monday – though remained off record highs hit last…

Read more

German gas storage may top 90% by early November – lobby

(Montel) German gas storage may reach more than 90% of capacity by early November despite current low levels,…

Read more

Gazprom fails to book extra gas transit capacity via Ukraine

(Montel) Russia's Gazprom has failed to book additional gas transit capacity via Ukraine to European destinations for…

Read more

German power curve rises as gas rally shows no let-up

(Montel) German curve contracts rose on Monday as the gas rally showed no let-up with fuel prices up…

Read more

Norway to increase gas production by 2bcm

(Montel) Norwegian energy company Equinor and its partners will increase gas production from the Oseberg and Troll…

Read more

Supply concerns underpin coal prices

(Montel) European coal prices began the week on a timid note but remained close to recent multi-year…

Read more

Spanish windfall tax risks 4 GW green goal – Naturgy

(Montel) Spanish utility Naturgy said the firm’s plan to build 4.2 GW of green capacity domestically was…

Read more

Nordic power futures rebound on drier outlook

(Montel) Nordic power futures prices rose on Monday as a drier weather outlooked coupled with buoyant spot and…

Read more

UK asset manager acquires 57 MW energy storage project

(Montel) UK asset manager Gore Street Energy Storage Fund has increased its portfolio to 577 MW following the…

Read more

Germany’s Rewe signs 10-year PPA with Orsted

(Montel) German food retailer Rewe has signed a 10-year power purchase agreement (PPA) with Denmark’s Orsted for supply…

Read more

Vattenfall to quadruple wind, solar capacity by 2030

(Montel) Swedish energy group Vattenfall plans to quadruple its wind and solar capacity by 2030 in a bid…

Read more

Oil falls on stronger dollar, returning US supply

(Montel) Oil prices were falling on Monday – extending losses from the prior session – as the US…

Read more

UK energy firms in crisis talks over soaring prices

(Montel) UK energy firms are to hold crisis talks with the government on Monday amid soaring energy prices…

Read more

Gas rebounds amid “unprecedented volatility”

(Montel) European gas prices were rebounding on Friday amid “unprecedented volatility” in the market with sharp losses seen…

Read more

MEP leading carbon border tax debate wants wide scope

(Montel) The Dutch MEP picked to lead the European Parliament’s debate on the carbon border adjustment mechanism (CBAM)…

Read more

Germany to slowly add renewables to “redispatch 2.0” – TSO

(Montel) Germany’s new "redispatch 2.0" mechanism to ease grid bottlenecks will only gradually integrate the country’s massive renewables…

Read more

German front power falls further amid more wind, lower gas

(Montel) German power for delivery next month and next year dropped on Friday, as higher wind power generation…

Read more

Gas rally may extend German coal burn into winter

(Montel) German power plants looked set to continue burning coal into winter if gas prices remained at current…

Read more

Carbon eyes EUR 60/t as option expiry looms

(Montel) European carbon prices would likely gravitate towards EUR 60/t next week under influence of expiring options…

Read more

TTF gas prices rise amid concerns about Russian supply

(Montel) European gas prices rose on Friday amid market concerns that Russia’s Gazprom would book no additional…

Read more

Epex may raise UK day-ahead power price cap

(Montel) European power exchange Epex Spot may raise the GBP 3,000 price cap for the UK’s wholesale day-ahead…

Read more

Nordic power continues sell-off on wetter weather outlook

(Montel) Nordic power futures extended the previous day’s slide on Friday morning as forecasts for wetter weather eased…

Read more

Uniper mulls restarting 160 MW Bavarian pump storage unit

(Montel) German utility Uniper is assessing a restart of its idled Happurg pump storage unit (160 MW), with…

Read more

Wave of consolidation seen for small French power suppliers

(Montel) Spiralling wholesale power prices will trigger a wave of consolidation among France's independent power suppliers, drastically reducing…

Read more

German spot power to ease from records next week

(Montel) German spot power prices looked set on Friday to pull back from recent records to average…

Read more

Enea’s power output jumps 18% in H1 to 12.2 TWh

(Montel) Polish state-run utility Enea generated 12.2 TWh from its mainly coal-fired fleet in January-June, 18% more than…

Read more

Crude prices fall on returning output in Gulf of Mexico

(Montel) Crude oil was slightly lower early on Friday, as Gulf of Mexico production facilities gradually returned…

Read more

Austria will be major power exporter from 2030 – analysts

(Montel) Austria will flip from its present electricity import dependence to become a major exporter under its…

Read more

European gas contracts continue to correct lower

(Montel) European gas prices were falling in Thursday trading as contracts across the curve continued to correct lower.…

Read more

Italy to build new 300 MW Austria interconnector by 2023

(Montel) Italian TSO Terna is planning to build a new 300 MW interconnector with Austria, which will become…

Read more

Green group objects to Nord Stream 2 permit

(Montel) German environmental group DUH has objected to a decision by the country’s federal maritime agency (BSH)…

Read more

German front-month power plunges as much as EUR 12

(Montel) Germany’s front-month power contract dived as much as EUR 12 on Thursday as windier, milder weather forecasts…

Read more

France selects 10 bidders for 1st floating wind farm

(Montel) France has selected 10 candidates, including energy firms EDF, Total, Engie, Vattenfall and Shell, to build Europe’s…

Read more

Spanish measures could slow green power growth – lobbies

(Montel) Some renewable energy plants in Spain may have to shut down in autumn and winter as emergency…

Read more

GO prices soar amid rising power, less supply

(Montel) Prices for European guarantees of origin (GOs) continued to rise this week amid buoyant power markets and…

Read more

Norway regulator approves trading licence for UK link

(Montel) Norway’s energy regulator has granted Nord Pool a one-year licence to organise cross-border trading between Norway and…

Read more

Gas prices slide in correction as volatility reigns

(Montel) European gas prices slid nearly EUR 9 on Thursday before reversing some of their losses, correcting…

Read more

Norway cable curbs UK power prices – Volue

(Montel) Power flows to the UK from Norway on the new 1.4 GW North Sea Link (NSL) interconnector…

Read more

UK day-ahead power drops sharply, with lower gas

(Montel) UK day-ahead power prices dropped sharply on Thursday as the prospect of higher wind generation, more…

Read more

Nordic power futures dive EUR 8 on weaker German prices

(Montel) Nordic power futures fell significantly on Thursday, with the October and Q4 contracts dropping more than EUR…

Read more

Italian PPAs may need a few more years to thrive – experts

(Montel) The Italian power purchase agreement (PPA) market may still need a few years to thrive despite new…

Read more

Exchanges raise margin calls in volatile power market

(Montel) Exchanges Nord Pool and Nasdaq have demanded more collateral from their members amid a recent surge in…

Read more

Asia-Pacific coal prices extend multi-year highs

(Montel) Pacific-basin benchmark coal prices have again achieved fresh 13-year highs, with no sign of Chinese import…

Read more

UK’s Drax plant brings back coal-fired units

(Montel) UK independent generator Drax will again operate its coal-fired units this week, after announcing <a href="/News/Story.aspx?id=1201538&highlightCsv=">an…

Read more

EDP signs 15-year green PPA with Procter & Gamble

(Montel) EDP has signed a 15-year power purchase agreement (PPA) with US multinational Procter & Gamble for the…

Read more

Polish minister opposes plan for single coal plant entity

(Montel) Poland should not merge all coal-fired plants in one entity, as the plan would not be accepted…

Read more

German spot power to weaken as solar output rises

(Montel) German day-ahead power prices on Thursday looked set to fall from recent highs as stronger solar…

Read more

Oil prices hold steady amid demand optimism

(Montel) Oil prices traded a shade firmer early on Thursday amid hopes of robust demand growth next year…

Read more

UK-France cable to remain at half capacity until March

(Montel) The 2 GW IFA1 interconnector linking France and the UK will operate at half capacity until…

Read more

Carbon trades sideways as gas surges

(Montel) European carbon prices moved sideways in Wednesday trading amid little buying interest, ignoring sharp gains in…

Read more

H2 pipeline transport cost similar to natural gas – TSO

(Montel) The cost of transporting hydrogen through pipelines around Europe would be similar to natural gas, a TSO…

Read more

OTC gas trading volumes drop 4% in August – Leba

(Montel) Traded gas volumes in European brokered markets fell 4% year on year in August, spearheaded by…

Read more

Matrix, Horus to develop 420 MW solar projects in Italy

(Montel) Matrix Renewables and Italian asset manager Horus Green Energy are planning to jointly develop about 420 MW…

Read more

German power curve sets new records on gas price spike

(Montel) Contracts along the German power curve saw massive gains on Wednesday, as intensifying fears of a winter…

Read more

Italian power price linked to gas until 2030 – experts

(Montel) European gas prices will continue to dictate the fluctuations of Italian electricity prices for the next decade…

Read more

UK-France cable fire may spark new price highs – analyst

(Montel) UK power prices are set to soar further over the coming days, in the wake of…

Read more

UK-France cable offline until 13 October due to fire

(Montel) The 2 GW IFA1 interconnector linking France and the UK will likely remain offline until 13…

Read more

Gas prices soar on market concerns over fire, storm, LNG

(Montel) European gas prices soared on Wednesday, as a fire at a French-UK power interconnector exacerbated market…

Read more

France approves route of 2.2 GW interconnector with Spain

(Montel) France has approved the route of a 2.2 GW interconnector with Spain, which will double total interconnection…

Read more

Germany faces “critical” power crunch without reforms – BDEW

(Montel) Germany faces a “critical” power supply crunch if the next government doesn’t quickly speed up the country’s…

Read more

Power hurtles higher as “panic” drives gas market

(Montel) Benchmark European power prices hurtled higher on Wednesday morning as fear of a possible gas shortage…

Read more

2 GW UK-France cable offline as fire hits convertor station

(Montel) The 2 GW IFA1 interconnector linking France and the UK was offline as a fire hit…

Read more

Nordic October, Q4 power jump 9% on growing supply fears

(Montel) Nordic power futures extended contract highs early on Wednesday amid growing concerns about tight supply ahead…

Read more

Spain tax will blow EUR 65/MWh hole in earnings – utilities

(Montel) Emergency measures approved by the Spanish government to curb spiralling power costs will slash earnings for nuclear…

Read more

Norway’s gas exports rise 15% in August

(Montel) Norwegian gas exports rose 15% year on year in August to 9.4bcm, contributing to record revenues, Statistics…

Read more

Analysts revise up 2021 US gas price outlook by 5.4%

(Montel) Economic analysis firm FocusEconomics has revised up its forecast for average US benchmark Henry Hub gas…

Read more

German spot power retreats from high with more wind

(Montel) German day-ahead power prices fell on Wednesday, as greater wind output looked set to pull the…

Read more

Indonesia coal exports drop to 9-month low

(Montel) Indonesia exported 1.1m tonnes/day of the fuel in July, the lowest level since October 2020, amid…

Read more

Nordic power set for further gains ahead of winter – traders

(Montel) Nordic power futures looked set to extend contract highs ahead of winter amid tight hydropower supply and…

Read more

Oil extends gains after report of large US inventory draw

(Montel) Oil prices rose early on Wednesday, extending this week’s gains after an industry report showed a large…

Read more

Edison, Snam join plan to build three green hydrogen plants

(Montel) Italian power company Edison and gas TSO Snam have joined forces with engineering firm Saipem and renewable…

Read more

Coal slips from highs on profit-taking

(Montel) European prompt coal prices retreated sharply from their highest levels in more than a decade amid…

Read more

Green H2 may meet 12% of energy demand – expert

(Montel) Demand for green hydrogen may account for 12% of total energy needs in a carbon-neutral world, an…

Read more

Energy transition to drive price volatility – analyst

(Montel) EU policies to push power and industrial sectors to use low carbon and renewable fuels will drive…

Read more

Balancing market fuels UK power price surge

(Montel) UK power generators sitting out of the wholesale market to achieve higher prices in the national balancing…

Read more

High gas prices show need to speed up renewables – EC

(Montel) Current high gas prices show the need to speed up switching to renewables to reduce dependency on…

Read more

Surging gas propels Europe’s power markets to new highs

(Montel) Power prices across Europe have been notching up fresh record highs on a daily basis in…

Read more

German Cal 22 power reaches new high with gas, spot

(Montel) The German front-year power contract spiked to another record high on Tuesday, buoyed by strong gas…

Read more

Abandoned coal plant plans total China’s capacity – report

(Montel) The world has slashed a pipeline of plans to build coal-fired power plants by 76% since…

Read more

Spain approves windfall tax to curb soaring prices

(Montel) The Spanish government passed several measures on Tuesday to curb spiralling energy prices, including a windfall tax…

Read more

France faces an “expensive” winter as gas prices surge

(Montel) France is likely to face a costly winter with tight power supply and surging gas prices…

Read more

South Korean LNG imports surge 80% in August

(Montel) South Korea’s LNG imports last month surged nearly 80% year on year, while coal deliveries were…

Read more

Lithuania agrees further curbs on Russia-Baltic power trade

(Montel) Power transmission capacity between the Baltic states and Russia will be curbed further following Lithuanian’s decision to…

Read more

Prompt gas surges 8% on supply concerns

(Montel) Front-month European gas prices surged a further 8% to fresh records above EUR 66/MWh on Tuesday…

Read more

Italy to join cross-border intraday power market next week

(Montel) Italy is set to join the European cross-border intraday power trading platform, SIDC, on 21 September for…

Read more

UK day-ahead power hits new record GBP 2,500/MWh

(Montel) UK day-ahead power prices hit a new record high of GBP 2,500/MWh on Tuesday amid expectations…

Read more

IEA revises up 2022 world oil demand outlook

(Montel) Global oil demand will grow at a slightly faster-than-expected pace next year thanks to strong pent-up demand…

Read more

Hurricane damage continues to curb US coal exports

(Montel) US coal export infrastructure damage in the wake of hurricane Ida, which struck the US Gulf…

Read more

Spain to cut power costs, cap gas prices – prime minister

(Montel) The Spanish government is expected to approve on Tuesday measures to curb electricity costs amid spiralling…

Read more

Polish power demand, output rise in August

(Montel) Polish power consumption rose 3% year on year in August to 13.9 TWh, while output jumped 16%…

Read more

German spot power set to jump 10% to top EUR 150

(Montel) German day-ahead power prices looked set to jump 10% on Tuesday to above EUR 150/MWh as forecasts…

Read more

Climate in focus as Norway starts to form new government

(Montel) Energy and climate will be among the key policies in focus when Norway’s Labour party starts discussions…

Read more

Nordic spot power set to exceed EUR 100 – forecast

(Montel) The Nordic system price could exceed EUR 100/MWh on Wednesday, a decade high and the first time…

Read more

Oil continues rise as supply disruptions linger

(Montel) Oil was continuing this week’s rise on Tuesday as supply disruptions in the US and elsewhere lingered.…

Read more

CO2 steadies after record gains, parts with gas

(Montel) European carbon prices stabilised on Monday after recent all-time highs and parted ways with gas, which continued…

Read more

German Cal 22 power tops EUR 100/MWh for first time

(Montel) German power for delivery next year rose for the first time above EUR 100/MWh on Monday, data…

Read more

German power curve pushes to new highs with gas surge

(Montel) German power prices gained across the curve on Monday along with limited wind output expected in the…

Read more

Opec raises global oil demand outlook for 2022

(Montel) Global oil demand will grow 4.2m bbl/day next year, 0.9m bbl/day higher than a previous forecast a…

Read more

Spain spot power, Cal 22 hit new highs

(Montel) Spanish day-ahead power prices set a fresh record high above EUR 154/MWh for Monday delivery, while the…

Read more

Tight supply spurs European coal prices to new highs

(Montel) European coal prices rose to new multi-year highs in early Monday trading, underpinned by limited spot…

Read more

Nordstrom bankruptcy due to volatile market – founder

(Montel) The bankruptcy of Danish power trading company Nordstrom was due to volatility in the power market, founder…

Read more

Russian coal exports slide to 5-month low

(Montel) Russian coal exports fell 4.5% on the month to a five-month low in August, as rail…

Read more

German power exports may rise this winter – experts

(Montel) German export flows may rise this winter as coal generators ramp up to account for constrained gas-fired…

Read more

Dutch grid saturation clouds solar expansion

(Montel) The Dutch power grid is unable to accommodate new power plants in some areas as the huge…

Read more

Gas front month surges on supply fears to top EUR 60

(Montel) European front-month gas rallied on Monday to breach EUR 60/MWh for the first time, bolstered by…

Read more

UK day-ahead power surges to record GBP 1,750/MWh

(Montel) UK day-ahead power prices surged to a record high of GBP 1,750/MWh in Monday trading amid…

Read more

Nordic bourse bans Nordstrom from trading after bankruptcy

(Montel) Danish power trading company Nordstrom Invest has been banned from trading electricity on the Nasdaq Commodities exchange…

Read more

German regulator starts review process for Nord Stream 2

(Montel) Germany’s federal network regulator (BNA) has commenced a certification process for Russia’s Nord Stream 2 pipeline…

Read more

UK unveils GBP 265m CFD pot for renewables

(Montel) The UK government will allocate GBP 265m in the latest round of its contracts for difference (CFD)…

Read more

German spot power to extend multi-year high on low wind

(Montel) German day-ahead power prices looked set to extend their multi-year highs amid subdued wind output and…

Read more

Grenergy signs 200 GWh/year solar PPA in Spain

(Montel) Spanish green firm Grenergy has signed a power purchase agreement (PPA) to sell 200 GWh/year of…

Read more

UK raises ETS cost curb measure 5% for December

(Montel) The UK has raised its cost curb measure for emissions certificates – UKAs – by 5% month…

Read more

Oil rises on continuing US supply woes

(Montel) Oil prices were rising on Monday amid continuing supply woes in the wake of hurricane Ida, with…

Read more

Carbon CFDs better than floor price – MEP

(Montel) Carbon contracts for difference (CFDs) could be a better instrument than a carbon floor price to promote…

Read more

Energy complex follows gas higher

(Montel) European energy prices continued to rise on Friday, driven by gas as it hit another record high…

Read more

Nord Stream 2 confirms plan for 2021 launch

(Montel) Nord Stream 2 is aiming to launch its 55bcm/year pipeline before the end of the year, despite…

Read more

New Norway government to face tough calls on energy policy

(Montel) Monday’s general election in Norway is unlikely to radically change the country’s energy policy but a new…

Read more

Gas prices rebound despite NS2 completion

(Montel) European gas prices reversed early losses on Friday as market participants reckoned the completed Nord Stream 2…

Read more

EUAs set to face volatile week

(Montel) European carbon prices tested resistance at EUR 63/t and could move in either direction next week after…

Read more

UK, Ireland power markets hit record imbalance prices

(Montel) The UK and Irish power markets hit record imbalance prices this week, leaving traders struggling to balance…

Read more

Nordic power slips on profit-taking, bearish fuels

(Montel) Nordic power futures retreated from ten-year highs on Friday, after having climbed for five sessions in…

Read more

Higher carbon prices a reality business must accept – EC

(Montel) Higher carbon prices in the EU ETS are a reality business must accept, said a senior official…

Read more

German spot power eyes 15-year high next week

(Montel) German spot power prices looked set to extend 15-year highs next week as forecasts showed relatively…

Read more

Gazprom completes Nord Stream 2 construction

(Montel) Russian energy giant Gazprom has completed its 55bcm/year Nord Stream 2 gas pipeline to Europe, it…

Read more

Demand for regulated EDF power to hit record – suppliers

(Montel)  Demand for French utility EDF’s nuclear power supply at the Arenh regulated rate of EUR 42/MWh for…

Read more

Front-month gas climbs, eyes EUR 60

(Montel) Front-month European gas prices eyed EUR 60 amid a fresh record high on Thursday, driving up the…

Read more

Italian CO2 emissions jump 25% in Q2 – agency

(Montel) Italian carbon emissions in the second quarter jumped 25% year on year and are expected to rise…

Read more

Dry freight prices slip 14% from 12-year highs

(Montel) The Baltic Dry Index (BDI) – a bellwether for global dry bulk shipping – has declined…

Read more

Spanish spot power soars past EUR 152 in “tense” market

(Montel) Spanish day-ahead power prices reached a new high above EUR 152/MWh amid a "tense" market on…

Read more

German Cal 22 power climbs to record EUR 95

(Montel) German front-year power surpassed its previous all-time high on Thursday topping EUR 95/MWh amid surging gas prices…

Read more

Prompt gas edges higher to extend rally

(Montel) Front month European gas prices climbed for a sixth consecutive session to a fresh record high on…

Read more

EC wants quick approval of carbon market reserve plan

(Montel) The European Commission wants fast approval for its plan to maintain a 24% intake rate of EU…

Read more

Nordic system price hits near 11-year high

(Montel) The Nordic system price for Friday hit EUR 98.13/MWh, the highest level since 14 December 2010, amid…

Read more

Nordic hydro GO contracts surge across the curve

(Montel) Prices for European guarantees of origin (GOs) surged across the curve this week amid expectations of diminished…

Read more

Vattenfall commits to 132 MW wind farm in the Netherlands

(Montel) Vattenfall has taken a final investment decision for the nearshore part of a wind farm in…

Read more

S Africa coal exports decline 13% amid constraints

(Montel) South Africa’s thermal coal exports in the first seven months of 2021 declined nearly 13% on…

Read more

Nordic power futures retreat from highs on wetter outlook

(Montel) Nordic power futures fell from record levels on Thursday on the back of wetter weather forecasts.…

Read more

Low coal stocks in Asia stoke winter shortage fears

(Montel) Pacific-basin benchmark coal prices returned to some of their highest levels in 13 years this week…

Read more

EIA raises 2021 US LNG export outlook by 1%

(Montel) The US Energy Information Administration (EIA) has revised up its projection for LNG exports this year…

Read more

German day-ahead power eyes near 14-year high

(Montel) German day-ahead power prices on Thursday looked set to rise to a near 14-year high as…

Read more

Oil prices firm as US Gulf output “gradually” ramps up

(Montel) Oil prices traded a shade higher early on Thursday as US production in the Gulf of Mexico…

Read more

Oil firms need to cut gas output to meet 1.5C goal – study

(Montel) Major European oil companies should halt their plans to increase gas production and wind down their gas…

Read more

Gas, CO2 achieve fresh highs

(Montel) European gas prices extended a streak of gains on Wednesday to hit a fresh record above…

Read more

Europe must inject EUAs to lower carbon prices – Repsol CEO

(Montel) European authorities should inject more EUAs into the market to curb speculation and high prices, Spanish energy…

Read more

Investors drive CO2 gains more than fundamentals – analyst

(Montel) Investor appetite for European carbon allowances has been the main cause of this year’s rally to…

Read more

EU needs higher carbon prices to phase out coal, oil – MEP

(Montel) The EU needs higher carbon prices to phase out coal and oil, a member of the European…

Read more

German power curve soars to fresh highs on bullish mix

(Montel) Contracts along the German power curve jumped EUR 2 to hit fresh records on Wednesday amid…

Read more

Carbon extends record high to EUR 63.35/t

(Montel) Europe’s benchmark carbon price hit its sixth record high in less than two weeks on Wednesday following…

Read more

Fuel, CO2 prices incentive for green investment – Eurasia

(Montel) Current high fuel and carbon prices should provide a greater incentive to invest in renewable energy…

Read more

Spain looks to secure gas supply with additional tender

(Montel) Spanish TSO Enagas has held an additional auction for regasification capacity to avoid potential tension in the…

Read more

Mild autumn may not curb soaring power and gas prices

(Montel) Mild weather will likely prevail in Europe this autumn, but brief cold spells and low wind generation…

Read more

Gas prices extend highs as Russian flows remain low

(Montel) European gas prices continued to rise on Wednesday amid Russian flows which were lower than hoped for…

Read more

Nordic front-month power hits 10-year high on dry outlook

(Montel) Nordic October power jumped EUR 1.50 to a decade high on Wednesday with dry weather forecasts…

Read more

UK day-ahead power jumps to over GBP 850/MWh

(Montel) UK day-ahead power prices surged to multi-month highs of over GBP 850/MWh in Wednesday trading amid…

Read more

SSE begins construction of 440 MW Shetland wind farm

(Montel) SSE Renewables has confirmed its 400 MW Viking wind farm will begin production in late 2024. …

Read more

Norway regulator plays down winter supply risk fears

(Montel) The head of Norwegian power regulator NVE, Kjetil Lund, said he was not concerned about the security…

Read more

Axpo, Borealis sign 100 GWh Belgian PPA

(Montel) Axpo has signed a nine-year power purchase agreement (PPA) with Austrian chemicals manufacturer Borealis for the company’s…

Read more

Flooding keeps US coal export terminal offline

(Montel) Flooding and power cuts in the aftermath of Hurricane Ida continue to impact coal export operations…

Read more

German spot power set to rise on low wind, solar output

(Montel) German day-ahead power prices looked set to rise on Wednesday amid relatively low wind power generation…

Read more

Oil prices edge higher ahead of US inventory data

(Montel) Oil prices rose in early Wednesday trading, ahead of US inventory data due today and on Thursday.…

Read more

Esma hears complaint of speculators cornering carbon market

(Montel) EU financial watchdog Esma is considering a complaint of market abuse in Europe’s emissions trading scheme that…

Read more

Supply concerns push gas to fresh highs

(Montel) Front-month gas surged to a fresh high on Tuesday, reversing initial losses from profit-taking, as a tight…

Read more

Green shift won’t lift Nordic power prices much – think tank

(Montel) The energy transition will not lead to significantly higher Nordic electricity prices this decade, think tank Nordic…

Read more

Turkish coal imports slide 1.8% as gas generation jumps

(Montel) Turkish thermal coal imports, primarily from Colombia and Russia, fell 1.8% in January-July with reduced supply from…

Read more

German Cal 22 power hits high in “game without limits”

(Montel) The German power front year rose in line with a higher CO2 price on Tuesday, with…

Read more

Poland's power exports rise fourfold in Jan-Aug

(Montel) Poland's power exports rose fourfold in January-August year on year to 4.2 TWh, data from TSO PSE…

Read more

Coal could spiral to USD 200/t this winter

(Montel) A shortage of thermal coal this winter could yet see prices breach USD 200/t – a…

Read more

EU plans for real-time hydrogen tracking impractical – lobby

(Montel) Draft EU plans to require real-time tracking of what power has been used in electrolysers to produce…

Read more

Uniper, Port of Rotterdam sign green hydrogen deal

(Montel) Germany utility Uniper has signed a memorandum of understanding with the Port of Rotterdam to develop a…

Read more

Gas prices drop on profit-taking, Russian flows

(Montel) European gas prices dropped in early Tuesday trading on the back of profit-taking and some increase…

Read more

Wetter weather, weaker gas curbs Nordic power rally

(Montel) Nordic power futures were firming on Tuesday, though wetter weather forecasts and slightly lower gas prices dampened…

Read more

Indonesia sets September coal price at a record high

(Montel) Indonesia has set its September coal reference price at a new record high of USD 150.03/t,…

Read more

Chinese coal imports jump 36% on year

(Montel) Chinese coal imports jumped 36% on the year in August to 0.91m tonnes/day (28.1m tonnes), the…

Read more

German spot power eyes 6% drop on higher wind, solar output

(Montel) German day-ahead power prices looked set for a 6% drop on Tuesday as forecasts showed increasing wind…

Read more

Oil remains range-bound amid uncertain demand outlook

(Montel) Oil was trading range-bound on Tuesday as an uncertain demand outlook continued to put a ceiling on…

Read more

EU industry faces 2 years of carbon uncertainty – expert

(Montel) European industry faces two years of uncertainty as the EU considers how to tighten its carbon market…

Read more

Glencore’s exit from Colombian coal firm edges closer

(Montel) Colombia’s National Mining Agency (ANM) has granted Glencore permission to divest from its Colombian coal-mining subsidiary…

Read more

Gas, low wind propel CO2 above EUR 63

(Montel) European carbon prices climbed to fresh all-time highs on Monday, propelled by continued strength in gas prices,…

Read more

Poland's solar capacity expands to 5.5 GW

(Montel) Poland added 266 MW of solar capacity in July, raising the country's total capacity to 5,498 MW,…

Read more

Spain may hold power auctions outside wholesale market

(Montel) Spain may hold power production auctions outside the wholesale market to curb soaring prices, the ministry of…

Read more

EDF overestimates atomic capacity by up to 8.1 GW in Q3 – EQ

(Montel) The average gap between EDF’s forecast French nuclear availability and actual production hit 8.1 GW in Q3,…

Read more

Near-term start of Nord Stream 2 “technically impossible”

(Montel) It would be “technically impossible” to launch flows via the Nord Stream 2 pipeline over the…

Read more

German front-year power hits all-time high as gas, CO2 gain

(Montel) German front-year power surged to an all-time high on Monday, propelled by continued gains in the gas…

Read more

European gas contracts extend highs on supply squeeze

(Montel) European gas contracts reached fresh highs on Monday amid a fall in pipeline flows from Russia and…

Read more

Spanish day-ahead power to hold near EUR 130 this week

(Montel) Spanish day-ahead power prices looked set hold near EUR 130/MWh on average this week, while futures contracts…

Read more

Statkraft sells 234 MW solar portfolio in Spain

(Montel) Statkraft has sold four Spanish solar projects (234 MW total) to UK fund Trig, the Norwegian energy…

Read more

Europe’s coal imports may jump 16% this year – analyst

(Montel) European thermal coal imports could rise by nearly 16% this year to 52m tonnes, amid fierce…

Read more

EDF Trading starts joint venture with Getec Energie

(Montel) EDF Trading has started a joint venture with German energy service provider Getec Energie to serve industrial…

Read more

UK day-ahead power nears GBP 200 but off high

(Montel) UK day-ahead power prices eased from highs hit this weekend in Monday trading but were still…

Read more

Mallnow gas flows from Russia halve on Monday

(Montel) Physical flows of Russian gas through the Mallnow entry point into Germany halved on Monday morning,…

Read more

Nordic front curve gains but still seen as undervalued

(Montel) Nordic front power contracts hit fresh highs amid dry forecasts and high spot prices on Monday, but…

Read more

Carbon pushes to new high at EUR 63/t

(Montel) Europe’s benchmark carbon price rallied to a fresh record high early on Monday, extending last week’s gains…

Read more

German spot power to extend high amid low wind output

(Montel) German day-ahead power prices looked set to extend their multi-year high amid subdued wind output and falling…

Read more

Oil falls on US economic concerns stoked by Delta

(Montel) Oil was falling on Monday amid economic concerns in the US, stoked by disappointing jobs data on…

Read more

Nordic system price hits 9-year high

(Montel) The Nordic system price out-turned at 91.91/MWh on Monday, its highest level since 8 February 2012.…

Read more

CO2 keeps setting new highs on energy gains

(Montel) European carbon prices rose to fresh all-time highs on Friday, as reduced allowance supply and renewed strength…

Read more

Norway approves treaty with UK on power trading, cables

(Montel) Norway approved a bilateral treaty with the UK on cross-border energy trading and electricity interconnection, including…

Read more

German front-month power hits record high on bullish mix

(Montel) The German power curve soared on Friday on the back of record carbon and higher gas prices…

Read more

UK renewable developers face lower PPA prices – consultant

(Montel) Renewable energy developers who wait to sign power purchase agreements (PPA) until after the UK’s forthcoming contracts…

Read more

CO2 targets EUR 65/t on supply tightness, soaring gas

(Montel) After hitting a fresh record high of EUR 61.95/t on Friday, European carbon prices are gearing up…

Read more

CO2 hits fresh record high of EUR 61.95/t

(Montel) European carbon prices hit a fresh record high of EUR 61.95/t on Friday, with one trader saying…

Read more

Swedish power demand set to surge 60 TWh on green steel

(Montel) A shift from fossil fuel-based production to renewables could boost power demand from Sweden’s steel sector from…

Read more

German spot power eyes 15-year high next week on low wind

(Montel) German spot power prices looked set to rise to a new 15-year record next week amid…

Read more

Oil trades flat but signs remain of robust demand

(Montel) Oil prices were trading flat on Friday but signs remained of robust demand, with the market likely…

Read more

Soaring gas may see UK firms curb activity – Centrica

(Montel) Record high gas prices may cause some energy-intensive businesses in the UK to curb activity this winter,…

Read more

Italian power spirals to EUR 145 on gas, CO2 rally

(Montel) Italian day-ahead power hit a record high above EUR 145/MWh on Thursday boosted by a mixture of…

Read more

German 10 GW/yr solar growth plan faces hurdles – experts

(Montel) Plans unveiled by Germany’s ruling Christian union party CDU planning to grow solar capacity by an open-ended…

Read more

Nord Stream 2 flow will start before year end – Gazprom CEO

(Montel) Russian energy giant Gazprom will begin supplying gas to Europe via its Nord Stream 2 pipeline…

Read more

ECJ orders Germany to empower network regulator

(Montel) The European Court of Justice on Thursday ordered Germany to grant its network regulator greater independence…

Read more

German front-year power rises on bullish fuels

(Montel) Germany’s front-year power contract rose on Thursday amid continued bullishness in the fuel and carbon markets but…

Read more

Algeria-Morocco tensions may raise gas prices – expert

(Montel) Mounting tensions between Algeria and Morocco may raise gas prices but are unlikely to reduce flows…

Read more

EC urges calm over record high carbon prices

(Montel) The European Commission is urging calm over record high carbon prices as they are within the EUR…

Read more

Nordic-German power price spread hard to justify – EQ

(Montel) The price spread between Nordic and German power futures is trading at near record levels but was…

Read more

Europe, west Mediterranean LNG imports slide 15% in August

(Montel) European and west Mediterranean LNG imports dropped 15% on the year in August to 5.5bcm, as…

Read more

German spot power to ease from highs as renewables rise

(Montel) German day-ahead power prices on Thursday looked set to drop from recent highs amid expectations of…

Read more

Crude prices fall on Opec+ decision to keep raising output

(Montel) Crude oil was modestly lower early on Thursday as the Opec+ producer group decided to maintain its…

Read more

German power nears all-time high on soaring gas, CO2

(Montel) Germany’s front-year power was rising on Wednesday and could surpass its all-time high later this week amid…

Read more

Gas prices hit new highs on Russia supply concerns

(Montel) European and UK gas contracts rose across the board on Wednesday as traders revised their expectations…

Read more

French nuclear output jumps 21% on year in August

(Montel) French nuclear power generation jumped 6 TWh, or 20.8%, year on year in August to 28.9 TWh,…

Read more

UK energy transition needs new gas, oil production – lobby

(Montel) The UK faces “stark choices” in its transition towards a lower carbon future, with increased gas…

Read more

EU gas surges as Gazprom plays down NS2 lift to exports

(Montel) European gas prices surged to fresh record highs on Wednesday morning after Russia’s Gazprom played down…

Read more

Wind’s share of UK power mix hits 5-month high in August

(Montel) Wind’s share of the UK power mix rose to a five-month high in August amid lower…

Read more

CO2 soars to record high EUR 61.90/t

(Montel) European carbon prices hit a new record high of EUR 61.90/t early on Wednesday amid reduced auction…

Read more

German spot power eyes EUR 119 at wind subsides

(Montel) German day-ahead power prices looked set to extend a recent 13-year high on Wednesday with baseload…

Read more

Norway plans to raise tax on fossil fuels amid green shift

(Montel) Norway’s centre-right government proposed a raising of taxes on fossil fuel exploration two weeks ahead of a…

Read more

Oil rises as data indicates big fall in US inventory levels

(Montel) Oil was rising on Wednesday as preliminary figures indicated a bigger than expected fall in US inventory…

Read more

Supply tightness bolsters UK gas prices

(Montel) UK gas prices were rising in afternoon trading on Tuesday after unplanned Norwegian outages coincided with planned…

Read more

EU coal terminal stocks swell to 11-week high

(Montel) Combined coal inventories at four key northwest European dry bulk terminals have risen to an 11-week…

Read more

R.Power acquires 59 MW solar capacity in Portugal

(Montel) Polish renewables firm R.Power plans to launch 59 MW of solar capacity in Portugal next year for…

Read more

India urges upturn in coal imports amid stocks “crisis”

(Montel) India’s power ministry has told the country’s coal importers to “take necessary action” amid dwindling stocks…

Read more

German power retreats from high on weaker TTF gas, CO2

(Montel) Germany’s front-year power contract eased on Tuesday, dampened by weaker carbon and gas prices after jumping…

Read more

UK gas prices gain on outages, tight supply

(Montel) UK gas prices rose on Tuesday – with the spot contract jumping more than 5p – amid…

Read more

Tight coal supply underpins prices

(Montel) European coal prices eased on Tuesday from multi-year highs in the previous session, but tight prompt…

Read more

Nordic September power slides EUR 1.50 after rally

(Montel) Nordic near-term power futures corrected down up to EUR 1.50 on Tuesday after the prior rally…

Read more

Nordic power system price may top EUR 80 in Sept – analysts

(Montel) The Nordic power system price could average above EUR 80/MWh in September, the highest price in more…

Read more

Vattenfall warns of early Swedish reactor closures in 2025

(Montel) Vattenfall's remaining nuclear reactors in Sweden may have to close in 2025 after the government yet again…

Read more

PGE’s power output jumps 15% in H1 to 33 TWh

(Montel) Polish utility PGE produced 33 TWh of power in January-June, up 15% from the corresponding period in…

Read more

EU’s CO2 border scheme will have limited impact – report

(Montel) The impact of the EU’s new carbon border adjustment mechanism (CBAM) on European importers is expected to…

Read more

Alytic buys majority stake in GO specialist Greenfact

(Montel) Norwegian analyst company Alytic has acquired a 60% stake in Greenfact, a firm which specialises in guarantees…

Read more

Oil falls as US production expected to return swiftly

(Montel) Oil prices were falling on Tuesday as US crude oil production facilities in the Gulf of Mexico…

Read more

German power prices reach new records as fuels, CO2 climb

(Montel) German power curve prices surged to fresh record highs on Monday, following similar movements in European gas…

Read more

Russia’s Sakhalin 2 LNG facility resumes full output

(Montel) Russia’s Sakhalin 2 LNG facility in the far east has resumed full production following maintenance that…

Read more

Gas front month hits EUR 49 on CO2, weaker Norway flows

(Montel) European front-month gas rose on Monday on record high CO2 prices, weaker flows from Norway and…

Read more

German power producers may switch to GOs – experts

(Montel) Strong German wholesale power prices may incentivise producers to opt out of the country’s renewable support system…

Read more

Nordic Q4 power hits high on dry weather, strong spot

(Montel) The Nordic Q4 power contract jumped EUR 4.65 on Monday to hit a fresh high of EUR…

Read more

Carbon hits high at EUR 61 on gas, technicals, thin trading

(Montel) European carbon prices hit a fresh high above EUR 61/t on Monday, extending a rally underpinned by…

Read more

Europe LNG imports grow 19% to 1.3bcm

(Montel) Seaborne LNG deliveries to key European destinations rose nearly 20% last week to 1.27bcm, with at…

Read more

German spot power eyes 13-year high on lower wind

(Montel) German day-ahead power prices looked set to climb to the highest level since October 2008, as rising…

Read more

Crude prices flat as hurricane forces US oil output cuts

(Montel) Crude oil was range-bound early on Monday as Hurricane Ida forced oil companies in the US,…

Read more

Nordic system price hits 8.5-year high

(Montel) The Nordic system power price hit an 8.5-year high of EUR 87.54/MWh for Monday, with area prices…

Read more

Supply risks drive energy complex higher

(Montel) The European energy complex pushed higher on Friday, as concerns about Russian Nord Stream 2 gas…

Read more

Britain hits record for power imports – data firm

(Montel) Britain this month set a record for electricity imports, underlining the growing importance of interconnectors to…

Read more

Tropical storm Ida swells risk of gas price surge

(Montel) A tropical storm making its way to the US Gulf Coast was supporting stronger European gas…

Read more

German power rises EUR 1 on fuels rally

(Montel) Germany’s benchmark front-year power contract rose on Friday amid rallying fuel prices, with gains set to…

Read more

Poland faces CO2 deficit of 660m tonnes by 2030 – report

(Montel) High emitter Poland faces a carbon emissions deficit of 660m tonnes by 2030, set to cost the…

Read more

Gas prices rise on feared “tough” winter amid low storage

(Montel) European gas prices rose on Friday amid fears of a “tough” winter due to low storage levels…

Read more

Carbon faces resistance as record nears

(Montel) European carbon prices looked set to retest a zone of technical resistance just short of a…

Read more

Nordic power futures rebound on tighter hydropower supply

(Montel) Nordic power futures rebounded on Friday, as forecasts suggested further tightening of hydropower supply, with higher…

Read more

Carbon jumps EUR 1 on gas, thin supply

(Montel) European carbon prices rose almost 2%, or EUR 1, in Friday trading amid increases in gas and…

Read more

Germany to see cool, damp conditions in September

(Montel) Germany is likely to see an autumnal start to September with cool, damp conditions, though wind levels…

Read more

UK-Norway cable “couldn’t come at a worse time” – Alcoa

(Montel) October’s start-up of the NSL cable linking southern Norway with the UK could further tighten supply in…

Read more

Fortum criticises Swedish delay over nuclear waste

(Montel) Finnish utility Fortum on Friday criticised the Swedish government for risking supply security by postponing a decision…

Read more

German spot power to gain next week as wind declines

(Montel) German spot power prices looked set to soar next week, as forecasts showed a steep decline…

Read more

Gazprom may need to sell Nord Stream 2 – report

(Montel) Russia’s Gazprom may need to sell its controversial Nord Stream 2 gas pipeline to fulfil EU unbundling…

Read more

Oil rises amid signs of growing Asian demand

(Montel) Oil prices were rising on Friday amid signs of growing demand, with Asian countries bouncing back despite…

Read more

Nordic PPA sector faces continued low demand – experts

(Montel) The Nordic power purchase agreement (PPA) sector faces continued low demand as well as weak prices, according…

Read more

UK cable can raise Norway prices EUR 10 this winter – Volue

(Montel) The launch of the 1.4 GW North Sea Link cable between Norway and the UK in October…

Read more

Nordic TSOs must urgently fix insufficient hedging – Modity

(Montel) Nordic TSOs must quickly find solutions to boost market liquidity, as companies are struggling to hedge…

Read more

Carbon gains on buying opportunity

(Montel) European carbon prices rose on Thursday, as investors used initial losses as a buying opportunity amid a…

Read more

German court annuls permit for newest coal plant

(Montel) A German court upheld a challenge to the planning permit of the country’s newest coal plant…

Read more

Hydropower Cal 21 GOs firm on prolonged dry outlook

(Montel) Hydropower guarantees of origin (GOs) recovered slightly on a prolonged dry outlook as sellers held on to…

Read more

Newcastle coal eases from 13-year highs

(Montel) Newcastle coal prices have eased slightly over the past week, though rampant Chinese demand and regional…

Read more

Gas prices retreat in line with weaker CO2

(Montel) European gas prices retreated in line with weaker carbon on Thursday, though the potential for higher…

Read more

Nordic power futures fall from record levels

(Montel) Nordic power futures retreated on Thursday, with a trader citing a “natural correction” after recent gains as…

Read more

Key Australian coal export hub extends lease to 2031

(Montel) The operator of Australia’s key Carrington thermal coal export terminal, at the port of Newcastle, has…

Read more

German spot power to edge down as solar peak rises

(Montel) German day-ahead power prices on Thursday looked set to ease amid expectations of increased solar output…

Read more

Loose metallic seals behind Olkiluoto delay – TVO

(Montel) Finnish nuclear operator TVO said the recent delay to the start-up of new nuclear reactor Olkiluoto 3…

Read more

Oil prices soften after 3-day rally but optimism remains

(Montel) Oil prices were softening on Thursday after a three-day rally had seen the market claw back seven…

Read more

Alpiq’s head of trading quits

(Montel) Swiss utility Alpiq’s head of trading Michel Kolly has quit the firm, it said on Thursday.…

Read more

Alpiq’s H1 trading earnings slide by a third to EUR 38m

(Montel) Swiss utility Alpiq’s trading earnings before interest, tax, depreciation and amortisation (Ebitda) for the first half of…

Read more

Virus hits Repower H1 profit but recovery underway

(Montel) Swiss utility Repower saw a 13% fall in H1 earnings before interest and tax (Ebit) amid the…

Read more

German court decision reflects “discriminatory” rules – NS2

(Montel) A decision by a German court on Wednesday to dismiss Nord Stream 2’s complaint against German…

Read more

Carbon slips from 1-week high

(Montel) European carbon prices softened from one-week highs in afternoon trading on Wednesday, although the market was…

Read more

MEPs urge hourly tracking of GOs to improve “credibility”

(Montel) A group of MEPs wants to make changes to the EU renewables directive so that supply and…

Read more

Germany plans “climate club” to boost decarbonisation

(Montel) The German cabinet on Wednesday agreed to the outlines of a “climate club” aimed at boosting…

Read more

Fire hits Russian gas processing plant, output unaffected

(Montel) A fire has hit Gazprom’s Orenburg gas-processing plant, in southern Russia, the investigative committee of the…

Read more

German power Cal 22 drops amid gas, carbon losses

(Montel) Germany’s benchmark front-year power contract traded lower on Wednesday amid similar losses in the gas and carbon…

Read more

Gas prices retreat on NS2 court ruling

(Montel) European gas contracts retraced earlier gains on Wednesday to trade lower amid a German court ruling that…

Read more

German court dismisses Nord Stream 2’s complaint

(Montel) The Higher Court of Dusseldorf on Wednesday dismissed Nord Stream 2’s complaint against German regulator BNA…

Read more

Nordic power curve gains on dry weather, strong fuels

(Montel) Nordic power contracts were trading higher on Wednesday morning amid continuing dry weather forecasts and strong fuel…

Read more

Norway energy minister rejects end to oil, gas output

(Montel) Stopping Norwegian oil and gas exploration and production would not have a significant effect on global carbon…

Read more

German spot power gains with solar drop

(Montel) German day-ahead power prices gained on Wednesday as greater wind generation looked set to fall short…

Read more

Crude prices retreat amid ongoing demand concerns

(Montel) Crude oil prices took a break early on Wednesday from recent gains amid continuing concerns about…

Read more

Global coal use surges with power demand jump – think tank

(Montel) Renewable energy growth has failed to offset a jump in global power demand this year, leading…

Read more

Carbon rises as gas remains bullish

(Montel) European carbon prices rose for a third straight day on Tuesday, driven by higher gas prices and…

Read more

Firms criticise Norwegian plans for offshore wind auctions

(Montel) Several large Norwegian and international energy companies have criticised plans by the Norwegian government to hold auctions…

Read more

German power rises as gas, carbon prices recover

(Montel) German front-year power gained EUR 1.50 on Tuesday, as gas and carbon prices continued to rebound from…

Read more

Gas prices rise on supply uncertainty, fuel gains

(Montel) European gas curves found renewed strength on Tuesday amid persistent doubts over the start of the Nord…

Read more

Court ruling unlikely to trigger early NS2 launch – experts

(Montel) A court ruling this week on the possible exemption of the 55bcm/year Nord Stream 2 pipeline…

Read more

Centrica signs 3 PPAs for 266 MW with Taaleri Energia

(Montel) Centrica Energy Trading has signed 10-year power purchase agreements (PPAs) with Finland’s Taaleri Energia for 266 MW…

Read more

High prices may dent energy transition – Finnish industry

(Montel) A recent surge in power prices could hamper plans to replace fossil fuels with renewables in Finnish…

Read more

Nordic power futures rise on strong fuels, dry outlook

(Montel) Nordic power futures continued to gain on Tuesday amid strong fuel prices and dry weather forecasts for…

Read more

German spot power to dive EUR 10 on higher wind wind, solar

(Montel) German day-ahead power prices looked set for a 11% drop on Tuesday as forecasts showed increasing renewables…

Read more

Tesla mulls virtual power plant in Germany – report

(Montel) Carmaker Tesla could add a virtual power plant to its German electricity sales business, where it would…

Read more

Oil continues rise on recovering China demand

(Montel) Oil prices continued their rise on Tuesday, after surging 5% in the prior session, as signs indicated…

Read more

CO2 gains on supportive related markets

(Montel) European carbon prices rose in Monday trading, buoyed by supportive related markets and technical indicators, yet…

Read more

Nordic spot price hits 5-year high on nuclear outage

(Montel) The Nordic system price hit a fresh five-year high of EUR 77.20/MWh on Tuesday, supported by low…

Read more

German front-month power continues rise on rebounding fuels

(Montel) German front-month power prices continued to gain on Monday buoyed by rebounding gas and carbon markets, with…

Read more

Gas front month gains on bullish carbon

(Montel) Front-month gas jumped more than EUR 1 on Monday in volatile trade in response to bullish…

Read more

Coal prices set to revisit recent highs

(Montel) European coal prices will continue to draw support from still tight prompt supply and competing gas…

Read more

France mulls guarantees to improve industry access to PPAs

(Montel) The French government is mulling plans to help heavy energy users sign power purchase agreements (PPA)…

Read more

China's CTG buys 450 MW Spanish green capacity for EUR 500m

(Montel) Chinese energy company China Three Gorges (CTG) has closed its purchase of 450 MW of renewables capacity…

Read more

Olkiluoto delay may see Nordic power prices jump – analyst

(Montel) Friday’s announcement of another delay to the start-up of Finland’s 1.6 GW Olkiluoto 3 nuclear reactor could…

Read more

Nordic front power continues rise on strong fuels, CO2

(Montel) Nordic front futures power continued its rise on Monday amid high fuel and carbon prices, while another…

Read more

German spot power to rise as wind output wanes

(Montel) German day-ahead power prices looked set to rise almost EUR 3 on Monday despite increased solar production…

Read more

Crude prices rise on demand optimism despite Delta variant

(Montel) Crude oil was higher early on Monday on demand optimism amid high rates of vaccination against the…

Read more

Merkel tries to ease Ukrainian Nord Stream 2 fears

(Montel) Germany’s outgoing chancellor Angela Merkel has tried to alleviate Ukrainian fears over a potential "weaponisation" of the…

Read more

Prompt coal extends plunge

(Montel) Near-term European coal prices extended losses on Friday despite a stabilisation in the gas market following…

Read more

German Cal 22 power recovers value in following gas

(Montel) German front-year power on Friday recovered some losses from the previous session, following the gas market…

Read more

Planned Nord Stream 2 flows may be “too optimistic”

(Montel) Russia’s Gazprom may not be able to deliver the 5.6bcm of gas it said it would…

Read more

EUAs to follow gas in coming week

(Montel) European carbon prices next week should continue to be driven by gas after this week’s plunge amid…

Read more

Gas prices rebound after NS2-linked sell-off

(Montel) European gas prices rebounded on Friday after the prior sell-off when markets dived in the wake…

Read more

Germany set for low wind output, cool weather

(Montel) Germany looked set for relatively low wind generation levels and cool weather for the rest of August,…

Read more

Nord Stream 2 licence could be delayed to December – analyst

(Montel) Germany’s BNA network regulator may not issue an operational licence for Nord Stream 2 until December, delaying…

Read more

Nordic front-month power jumps EUR 3 amid dry outlook

(Montel) Nordic power futures jumped up on Friday – with the front month up EUR 3.25 – after…

Read more

Austria focuses on non-ETS emissions after coal exit

(Montel) Austria will focus on tackling emissions from non-ETS sectors following the closure of the nation’s last coal-fired…

Read more

German gas import price more than doubles in June

(Montel) The price of German gas imports more than doubled year on year in June to average…

Read more

German spot power to stay above EUR 90 next week

(Montel) German spot power prices looked set to remain elevated next week amid falling wind generation and…

Read more

Spain probes Iberdrola hydropower dam depletion

(Montel) The Spanish energy ministry will probe Iberdrola’s use of the Ricobayo reservoir where the utility operates a…

Read more

Oil edges up on signs of robust demand in Europe, US

(Montel) Oil was edging back up on Friday – after slumping to its lowest level since May in…

Read more

France sells 4.2 TWh of GO at average EUR 0.43/MWh

(Montel) Prices for guarantees of origin (GO) for renewable power produced in France retreated 2% to an…

Read more

Energy markets in "freefall" as gas leads dive

(Montel) European energy prices continued their sell-off on Thursday as the gas market extended losses – with the…

Read more

French Q4 power slides amid gas plunge

(Montel) French power prices plunged by up to EUR 6.50 across the curve on Thursday in the…

Read more

Nordic power curve plunges on weaker gas, German prices

(Montel) Nordic power contracts fell sharply on Thursday afternoon following big drops in gas and German power prices.…

Read more

German Cal 22 power sheds 4% as fuel markets slump

(Montel) German front-year power shed around 4% on Thursday, taking a cue from flagging European gas and carbon…

Read more

Gas prices tumble EUR 3 on Nord Stream expectations

(Montel) European gas curve contracts dived EUR 3 on Thursday amid ongoing indications Russia’s planned Nord Stream 2…

Read more

Gazprom may pump 5.6bcm via Nord Stream 2 this year

(Montel) Russian energy giant Gazprom may supply 5.6bcm of gas to Europe via the Nord Stream 2…

Read more

GO prices dip as Nordic sellers return to markets

(Montel) Prices for European hydropower guarantees of origin (GOs) dipped this week, as sellers in the Nordics returned…

Read more

OTC gas trading volumes fall 6% in July – Leba

(Montel) Traded gas volumes in European brokered markets fell 6.3% year on year in July, led by…

Read more

Spain power to remain above EUR 100 to next year – experts

(Montel) Spanish power prices are likely to average above EUR 100/MWh until early next year on multi-year high…

Read more

Carbon slips nearly 3% amid gas plunge

(Montel) European carbon prices dropped nearly 3% in early Thursday trading amid continued sharp losses in the…

Read more

Nordic Q4 power dives almost EUR 3 on fuels slide

(Montel) Nordic power prices dived nearly EUR 3 on Thursday, with a sharp downward correction in gas and…

Read more

Asia-Pacific coal prices rise to new 13-year highs

(Montel) Pacific-basin benchmark coal prices this week rose to new 13-year highs amid still supportive regional demand,…

Read more

Polish power demand, output jump in July

(Montel) Polish power consumption rose almost 9% year on year in July to 14.4 TWh, while output surged…

Read more

European Energy to fuel Maersk ships with green methanol

(Montel) Danish renewables developer European Energy has signed a deal with shipping conglomerate AP Moller Maersk for deliveries…

Read more

German spot power to surpass EUR 100 as wind output plunges

(Montel) German day-ahead power prices on Thursday looked set to settle above EUR 100/MWh as forecasts indicated…

Read more

Oil drops to 3-month low on fears of waning demand

(Montel) Oil prices fell early on Thursday to their lowest levels since May amid concerns the spread of…

Read more

Gas plummets EUR 4 amid false NS2 data

(Montel) European gas prices dropped more than EUR 4 on Wednesday amid widespread profit-taking triggered in part by…

Read more

ETS reform negotiations may take 3 years – MEP

(Montel) Negotiations to tighten the EU ETS could take up to three years amid disagreements between member states…

Read more

German chemicals boss urges nuclear power extension

(Montel) Germany should abandon plans to close its last nuclear reactors over the next two years to suppress…

Read more

German front-year power continues rally amid gas strength

(Montel) Germany’s front-year power contract rose on Wednesday, boosted by a continuing surge in benchmark gas markets, but…

Read more

Gas prices resume uptrend on supply woes

(Montel) European gas prices resumed their uptrend in Wednesday trading – after correcting down in the prior…

Read more

Russian Sakhalin 2 LNG facility resumes limited exports

(Montel) Russia’s Sakhalin 2 LNG facility in the far east has resumed exports, though one of its…

Read more

Nordic power continues fall on profit-taking

(Montel) Nordic power futures continued their retreat from recent highs on Wednesday amid thin volumes, with traders citing…

Read more

Germany awards tender to 156 MW of solar/storage capacity

(Montel) Germany’s BNA network regulator energy has awarded funding to 156 MW of solar plants combined with storage…

Read more

Amsterdam coal imports rise 2.2% in January-July

(Montel) Coal imports via Europe’s second-largest delivery hub, at Amsterdam, grew 2.2% in January-July, according to port…

Read more

German spot power set to return above EUR 90/MWh

(Montel) German day-ahead power prices looked set to climb above EUR 90/MWh on Wednesday as forecasters anticipated abundant…

Read more

Denmark’s power demand set to rise 70% by 2030

(Montel) Denmark’s annual power use is set to rise by more than 70% to 60 TWh by the…

Read more

Oil prices nudge up after API shows inventory draw

(Montel) Oil prices edged higher early on Wednesday after the American Petroleum Institute (API) reported late on…

Read more

Renewables investors seen aiming for larger targets

(Montel) Renewables investors are increasingly taking on more risk, acquiring whole development portfolios rather than individual projects in…

Read more

UK energy transition must go beyond blue hydrogen – experts

(Montel) Blue hydrogen would be vital for the UK’s energy transition, but its hydrogen strategy must go further,…

Read more

Coal retreats from multi-year highs

(Montel) European prompt coal prices retreated from multi-year highs achieved in the previous session amid some profit-taking…

Read more

Sweden needs nuclear waste decision soon – Fortum CEO

(Montel) Swedish authorities must find a way to dispose of nuclear waste soon or risk reduced power production…

Read more

Fortum and Uniper to see more similar hedging – CEO

(Montel) Fortum is currently much more exposed to spot price volatility in the Nordic market than subsidiary Uniper,…

Read more

Gas front month falls amid increased deliveries

(Montel) European front-month gas contracts unwound the previous session’s gains on Tuesday amid increased flows to Europe, although…

Read more

German power extends 13-year high on fuel rally

(Montel) Germany’s benchmark power contract hit its highest level since 2008 on Tuesday as a jump in…

Read more

Danish CCS project receives consortium support

(Montel) A consortium of 29 members including companies Wintershall Dea and Ineos will support a carbon capture and…

Read more

Spain plans 3.3 GW green tender in October

(Montel) Spain plans to auction 3.3 GW of renewable capacity, including 1.5 GW wind and 700 MW solar,…

Read more

Nordic power futures edge down on softer fuels

(Montel) Nordic front power contracts edged down on Tuesday morning after prior highs amid softer gas and carbon…

Read more

German spot power eyes EUR 22 gain on lower wind, solar

(Montel) German day-ahead power prices looked set for a 38% increase on Tuesday as forecasts indicated a drop…

Read more

Fortum hedges 60% of 2022 Nordic output at EUR 31/MWh

(Montel) Finnish utility Fortum had hedged 60% of its expected power production for 2022 by the end of…

Read more

Environmentalists attack UK’s blue hydrogen strategy

(Montel) Environmentalists have dubbed the UK’s planned hydrogen policy “overhyped” and attacked its preference for so-called blue hydrogen,…

Read more

Oil trades flat as China woes weigh on market

(Montel) Oil was trading flat on Tuesday – paring steep losses from the prior session – as continuing…

Read more

Tight gas market leads fuel, CO2 surge

(Montel) A tight gas market, compounded by Russian supply fears, led the fuels market to multi-year highs…

Read more

US LNG exports to exceed those via pipeline in 2021 – EIA

(Montel) US LNG exports are on course to outstrip pipeline exports by an average of 0.6bn cubic…

Read more

Norway industry frets about rising power costs

(Montel) Large industrial power users in Norway are fretting about rising wholesale electricity prices and urge policymakers to…

Read more

Gazprom gas exports to Europe jump 23% in January-July

(Montel) Gazprom's gas exports to Europe jumped 23% year on year in the first seven months of 2021,…

Read more

German front-year power soars to highest point since 2008

(Montel) The German front-year power contract rose to a near 13-year high on Monday, as the carbon…

Read more

Russian supply fears drive gas prices to new high

(Montel) Prompt European gas contracts surged to a fresh record high on Monday as market participants became…

Read more

CO2 jumps EUR 2.50 on bullish gas, power

(Montel) European carbon allowances rose more than EUR 2.50 on Monday with bullish gas and power.…

Read more

German gas plants to cover total CO2 budget by 2030 – MP

(Montel) Germany’s gas-fired power plants are set to account for the country’s entire fossil-fuel carbon emissions budget by…

Read more

Coal prices climb to new multi-year peaks

(Montel) European coal prices rose to new 13-year highs in early Monday trading amid still strong demand…

Read more

Spanish front-year power extends high on CO2, gas surge

(Montel) Spain’s front-year power contract hit a record high of EUR 87.50/MWh on Monday amid surging carbon and…

Read more

Gazprom books extra 0.65mcm/day of gas transit capacity

(Montel) Russia's Gazprom has booked an additional 0.65mcm/day of gas transit capacity via Ukraine to European destinations…

Read more

Germany on track for record emissions growth – Agora

(Montel) German carbon emissions will climb by their fastest pace in at least 30 years this year…

Read more

Nordic power hits fresh highs on dry outlook

(Montel) Nordic power for September and Q4 hit fresh record highs on Monday as weather forecasts turn drier…

Read more

European LNG terminals expect 1.7bcm this week

(Montel) LNG vessel arrivals at key European destinations could total around 1.7bcm this week, potentially bringing imports…

Read more

French spot power prices turn negative on strong wind

(Montel) French day-ahead power prices turned negative for two hours on Monday amid strong wind output.…

Read more

Norway’s July gas exports rise 9%

(Montel) Norway exported 9.6bcm of natural in July, up 8.8% on the same month last year, Statistics Norway…

Read more

German spot power to fall amid surging wind output

(Montel) German day-ahead power prices looked set to fall almost EUR 10 on Monday amid expectations of higher…

Read more

Crude prices fall on demand concerns amid virus lockdowns

(Montel) Crude oil was lower early on Monday on demand pessimism amid lockdowns resulting from the spread of…

Read more

CO2, gas and coal prices weaken after volatile week

(Montel) European carbon, gas and coal prices traded lower on Friday afternoon, with some participants citing profit-taking in…

Read more

Ignitis acquires 160 MW wind power in Latvia

(Montel) Lithuanian energy group Ignitis has agreed to buy three wind farm projects with a combined capacity of…

Read more

Finland grants EUR 87m to promote green transition

(Montel) The Finnish ministry of economic affairs has set aside EUR 87m in subsidies to industries that switch…

Read more

Poland's power imports slump 25% in H1

(Montel) Poland's power imports slumped 25% year on year in H1 to 5.5 TWh, data from TSO PSE…

Read more

Gazprom’s gas auction sales reach 8.7 TWh so far in August

(Montel) Russian energy company Gazprom has sold 8.7 TWh (835mcm) of natural gas to European customers in August…

Read more

Rising nuclear supply to pressure French power next week

(Montel) French power spot prices look set to ease next week amid low demand and higher nuclear…

Read more

Gas prices correct down but bullishness remains

(Montel) European gas prices corrected down on Friday, while the underlying trend remained bullish due to the…

Read more

EUAs may test new highs amid fuel switching

(Montel) European carbon prices could test fresh highs next week if lofty gas prices continue to spur power…

Read more

No hot weather on horizon for Germany to summer’s end

(Montel) Germany is likely to see a cooler spell next week, then average temperatures into September, while wind…

Read more

Nordic power curve falls on weaker carbon, gas

(Montel) Curve prices on the Nordic power market fell on Friday with weaker carbon and gas prices, while…

Read more

German spot power eyes 5-week high next week

(Montel) German spot power prices look set to average near a five-week high next week as improving…

Read more

Endesa buys 350 MW green power portfolio from Abo Wind

(Montel) Spanish utility Endesa has purchased a 350 MW green power portfolio from developer Abo Wind, comprising three…

Read more

Oil falls on demand fears as Delta variant spreads

(Montel) Oil was falling on Friday amid concerns of weaker demand as the Delta variant of the coronavirus…

Read more

French front-year power soars to fresh 13-year high

(Montel) French front-year power hit a fresh 13-year high on Thursday with gas and coal prices also…

Read more

Coal hits highs on winter concerns

(Montel) European coal prices extended recent highs on Thursday, as the prospect of potential energy shortfalls this…

Read more

Macquarie unit to bid for Norwegian wind capacity

(Montel) Australian bank Macquarie’s Green Investment Group (GIG) will join Agder Energi and Vaargronn in a joint bid…

Read more

GO Nordic hydro curve nears 1 EUR amid bullish sentiment

(Montel) Far-curve prices for European hydropower guarantees of origin (GOs) were climbing towards EUR 1 amid bullish sentiment,…

Read more

Renewables, not EUAs, will push lignite out of market – RWE

(Montel) Increasing carbon prices will not lead to a faster lignite and coal exit in Germany without more…

Read more

Freyr plans large battery factory in Finland

(Montel) Norwegian battery producer Freyr has entered a non-binding agreement with Finnish Minerals Group and the city of…

Read more

Front-month gas prices firm amid ongoing supply concerns

(Montel) European gas contracts for September delivery traded firmer on Thursday as the market focused on procuring enough…

Read more

Newcastle coal index surges 10% in a week

(Montel) Australia’s Newcastle thermal coal export price has surged 10% over the last seven days to hit…

Read more

IEA revises down oil demand outlook; Opec maintains its view

(Montel) The International Energy Agency has lowered its global oil demand outlook for the second half of the…

Read more

Nordic power futures hit fresh highs on strong fuels

(Montel) Nordic power futures for September and Q4 rose to fresh contract highs on Thursday, buoyed by gas…

Read more

EC rules out wholesale power market reform – Spain minister

(Montel) The European Commission (EC) has no plans to change the wholesale power market to tackle soaring…

Read more

RWE’s carbon hedges outweigh EUR 780m H1 lignite impairment

(Montel) German utility RWE booked an impairment of EUR 780m for its lignite assets in H1, though this…

Read more

Industry hits out at ETS policy as power prices soar

(Montel) The EU should remove the market stability reserve in the EU ETS and continue handing out free…

Read more

Rising wind to push German spot power back below EUR 100/MWh

(Montel) German day-ahead power prices looked set to pull back from a five-week high on Thursday, as…

Read more

RWE’s coal, nuclear earnings nearly triple in H1

(Montel) German utility RWE’s earnings before interest and tax (Ebit) in the coal and nuclear segment jumped nearly…

Read more

Oil trades mixed after US urges Opec to boost output

(Montel) Crude oil prices traded narrowly mixed early on Thursday after the Biden administration urged Opec and its…

Read more

Gas prices continue to climb on tight supply

(Montel) European gas prices continued to hit multi-year highs in afternoon trading on Wednesday, as a tight supply…

Read more

German Cal 22 power extends 13-year high amid gas prices

(Montel) Germany’s benchmark power contract for delivery next year rose further on Wednesday, as buoyant gas prices outweighed…

Read more

Traders see gas as key driver for power into winter

(Montel) European power prices exceeding EUR 100/MWh in recent weeks have been fanned by a gas price…

Read more

EU spot power extends highs amid winter gas jitters

(Montel) European spot power prices continued to rally, setting fresh highs for Thursday delivery, as market participants…

Read more

Spain to grant funds for 418 MW of new renewable capacity

(Montel) Spain is awarding EUR 76m to 79 renewable energy projects in the industrial sector to aid…

Read more

Southern Sweden spot price hits record high EUR 106

(Montel) Thursday's spot price in the SE4 bidding zone of southern Sweden hit a record high of EUR…

Read more

Uniper still sees risk for Nord Stream 2 pipeline launch

(Montel) Uniper considers Germany’s federal election in September as one risk for this year’s planned launch of the…

Read more

Italy July power demand climbs 5% to 30.3 TWh on year – TSO

(Montel) Power demand in Italy rose nearly 5% year on year to 30.3 TWh in July, but was…

Read more

Uniper’s EU power generation emissions rise 25%

(Montel) Uniper’s carbon emissions from its power plants in the EU rose 25% to 9m tonnes in the…

Read more

TTF gas contracts continue upward trajectory

(Montel) Gas contracts at the Dutch TTF hub inched up from already-high levels on Wednesday, as Norwegian…

Read more

July PPA prices rise in Nordics, UK, fall in Poland – report

(Montel) Prices of power purchase agreements (PPA) in the Nordics and the UK rose nearly 5% and 2%…

Read more

Nordic power trades lower but still near record levels

(Montel) Nordic power futures traded lower on Wednesday but remained near record highs, as traders waited for weather…

Read more

German spot power edges higher with weaker wind

(Montel) German day-ahead power prices on Wednesday looked set to extend their highest levels in five weeks,…

Read more

Uniper’s H1 earnings fall 16% on carbon hedging

(Montel) German utility Uniper’s adjusted earnings before interest and taxes fell 16.1% year on year to EUR 580m…

Read more

Eon hedges 71% of its 2022 nuclear generation at EUR 47/MWh

(Montel) Eon had hedged 71% of its 2022 nuclear power generation by the end of the first…

Read more

Brent crude holds above USD 70/bbl amid demand hopes

(Montel) Crude oil prices were little changed in early trading on Wednesday as some investors remained hopeful…

Read more

Supply constraints bump energy complex higher

(Montel) Gas, coal and carbon contracts extended recent highs on Tuesday as pipeline disruptions and weather forecasts…

Read more

Finland to get first green hydrogen plant in 2024

(Montel) Finland’s P2X Solutions wants to open the country’s first green hydrogen plant in Harjavalta, western Finland, in…

Read more

German front-quarter power hits record high on fuel costs

(Montel) German power delivery for the coming quarter hit a record high above EUR 100/MWh on Tuesday,…

Read more

Poland adds 305 MW solar capacity in June

(Montel) Poland added 305 MW of solar capacity in June, raising the country's total capacity to 5,232 MW,…

Read more

German, Spanish, French power flirts with, tops EUR 100/MWh

(Montel) Prices for Wednesday baseload power settled around EUR 100/MWh in several European markets amid spiralling gas prices…

Read more

Sweden's Helios doubles solar portfolio to 1 GW

(Montel) Swedish solar developer Helios Nordic Energy has added 10 projects equivalent to a potential 500 MW to…

Read more

PGE appoints new head of its 13 GW generation arm

(Montel) Poland’s biggest power utility, PGE, on Tuesday named Andrzej Legezynski as the new head of its 13…

Read more

Spot gas prices set fresh multi-year highs amid tight supply

(Montel) European day-ahead gas prices climbed to fresh multi-year highs on Tuesday, as reduced flows from Norway and…

Read more

Engie to appeal denial of 875 MW gas plant permit in Belgium

(Montel) Engie's Electrabel subsidiary in Belgium plans to appeal the refusal by Flemish Brabant province to grant…

Read more

Nordic power jumps to new highs on firm spot, dry weather

(Montel) - Nordic power for September and Q4 hit new contract highs on Tuesday, buoyed by ever-firmer spot…

Read more

German spot power to rise EUR 12 on plummeting wind output

(Montel) German day-ahead power prices looked set for a 13% increase on Tuesday as forecasts showed wind power…

Read more

Crude rises despite ongoing China demand concerns

(Montel) Crude oil moved cautiously higher early on Monday amid continuing concerns about declining demand in China, the…

Read more

German regulator welcomes plans for 700 MW cable to Sweden

(Montel) Germany’s energy regulator BNA on Monday welcomed plans for a third electricity interconnector to Sweden, saying it…

Read more

CO2, fuels trade mixed in volatile session

(Montel) European carbon and fuels prices were narrowly mixed in Monday afternoon trading, although the overall sentiment remained…

Read more

IPCC report may hasten EU climate policy response – analysts

(Montel) A UN report that warned on Monday the world would surpass 1.5C of warming in the next…

Read more

German Cal 22 power gains and may hit EUR 80/MWh this week

(Montel) The German front-year power contract gained in Monday’s session and could reach EUR 80/MWh later this…

Read more

Gas contracts fall amid unchanged fundamentals

(Montel) European gas contracts corrected lower on Monday while bullish fundamentals, including low storage and global LNG tightness,…

Read more

Spanish spot power extends record high above EUR 111/MWh

(Montel) Spain’s day-ahead power price extended a record high on Monday amid low wind generation levels and…

Read more

Front-year coal extends gains towards USD 100/t

(Montel) European coal prices for the year ahead were likely to exceed USD 100/t later this week after…

Read more

European LNG terminals expect 1.5bcm this week

(Montel) LNG vessel arrivals at key European destinations could total around 1.5bcm this week, potentially bringing imports…

Read more

Nordic power futures hit fresh highs on tight hydro supply

(Montel) Nordic power futures rose to fresh contract highs on Monday, as the latest weather forecasts suggested hydropower…

Read more

Poland faces 10 GW power supply deficit in 2030

(Montel) Poland could see a power supply deficit of 10 GW by the end of the decade due…

Read more

Octopus Renewables buys stake in floating offshore wind firm

(Montel) UK investor Octopus Renewables Infrastructure Trust (Orit) has acquired a 12% stake in floating offshore wind developer…

Read more

OPD sells 1 GW Spanish solar portfolio to Bruc Energy

(Montel) Spanish renewables firm OPD Energy sold a solar portfolio with 20 projects in Spain totalling 1,044…

Read more

German spot power to recover as wind output halves

(Montel) German day-ahead power prices on Monday looked set to rebound as weather models predicted wind energy…

Read more

German power turns negative for 11 hours on Sunday

(Montel) German-day ahead power prices turned negative for 11 consecutive hours on Sunday, as elevated wind production…

Read more

Gas prices climb on supply concerns

(Montel) European gas prices were rising and remained at multi-year highs on Friday afternoon after a fire at…

Read more

Czech solar gets EUR 202m from EU ETS modernisation fund

(Montel) Plans to develop some 3.5 GW of solar capacity in the Czech Republic this decade have…

Read more

French front-year power nears 13-year high amid strong fuels

(Montel) French front-year power rose to a nearly 13-year high on Friday, while Q4 and front-month contracts…

Read more

German power advances on support from gas, CO2, coal

(Montel) German front-year power built on gains from the previous session on Friday, lifted by strength in the…

Read more

Gas prices rise to new highs amid lower Russian flows

(Montel) European gas prices rose to new highs on Friday as lower Russian flows, apparently resulting in…

Read more

Spain’s Cal 22 power surges to new high above EUR 78/MWh

(Montel) Spanish front-year power rose to a fresh high of EUR 78.50/MWh on Friday, driven by gains…

Read more

German coal importers revise up outlook for 2021

(Montel) Germany’s coal importers association (VDKI) has reversed earlier expectations of a continued decline in coal imports…

Read more

EUAs may revisit highs on bullish gas

(Montel) European carbon prices could revisit their recent all-time high in the coming week, underpinned by unyielding gains…

Read more

Nordic power contracts climb EUR 1 to new highs

(Montel) Nordic power futures for September and Q4 rose to fresh contract highs on Friday, buoyed by solid…

Read more

German spot set to rise next week on weaker wind

(Montel) German spot power prices looked set to gain next week amid expectations of declining wind, though…

Read more

Brent crude set for 6% weekly loss amid demand worries

(Montel) Crude oil prices traded a shade higher early on Friday, though the Brent benchmark was still on…

Read more

French power Q4 hits 10-year high in the wake of strong gas

(Montel) French front-quarter power reached a nearly 11-year high on Thursday amid stronger gas and coal prices.…

Read more

CO2 falls on gas weakness amid low volumes

(Montel) European carbon prices were slipping on Thursday as gas weakness spilled into the CO2 market amid subdued…

Read more

German power front month falls on weaker gas, more wind

(Montel) German power for delivery next month retreated somewhat on Thursday amid weaker gas and carbon prices and…

Read more

Prompt gas prices slide as pipeline flows improve

(Montel) European front-month gas prices slumped on Thursday morning amid an increase in pipeline supplies.…

Read more

Hydropower Cal 21 GOs steady amid muted trading

(Montel) Prices for European hydropower guarantees of origin (GO) have held steady this week, hovering around the one-year…

Read more

Batteries may gain from price surges, volatility – analysts

(Montel) Energy storage systems such as batteries can benefit from rising power prices and spot market volatility…

Read more

Italy to end explicit intraday auctions for France, Austria

(Montel) Italy will end its explicit intraday auctions on the borders with France and Austria in September, when…

Read more

Newcastle coal index eases marginally

(Montel) Australia’s Newcastle thermal coal export price has eased slightly over the past week, though it remains…

Read more

Nordic power futures slip despite flagging hydro supply

(Montel) Nordic power futures edged lower on Thursday despite the prospect of flagging hydropower supply in the coming…

Read more

SSE Renewables seeks 80 MW boost at Scottish wind farm

(Montel) UK developer SSE Renewables is seeking permission from the Scottish government to boost output at its Achany…

Read more

BP eyes 1 GW blue hydrogen deals with four firms in UK

(Montel) BP has announced preliminary agreements with four potential new customers to supply up to 1 GW of…

Read more

EDP sells 149 MW wind portfolio in Poland to Mirova

(Montel) Portuguese utility EDP has sold a 149 MW wind portfolio in Poland to Mirova, an affiliate…

Read more

German spot power to shed EUR 24 as wind surges

(Montel) German day-ahead power looked set to lose EUR 24 on Thursday as forecasts showed a near…

Read more

Oil prices edge up after Wednesday’s sharp drop

(Montel) Crude oil prices traded a shade up early on Thursday following a sharp drop in the previous…

Read more

Nordic power set for further gains amid tight supply – EQ

(Montel) Nordic power prices looked set for further gains in the coming weeks as persistent dry weather threatened…

Read more

Algerian gas supply curb to Italy extends to Saturday – Eni

(Montel) Gas supply from Algeria to Italy has been cut by 15-20% and that unavailability could continue until…

Read more

EEX urges EC to abandon carbon contracts for difference

(Montel) The European Commission should abandon plans to use carbon contracts for difference (CCFDs) to promote new…

Read more

Swedish developer eyes 4.5 GW of floating wind

(Montel) Swedish floating wind power developer Hexicon is planning three projects in the south of the Scandinavian nation…

Read more

Carbon hits 3-week high after bullish auction

(Montel) European carbon prices rose to three-week highs on Wednesday in tandem with gains in the gas…

Read more

German front-year power hovers near 13-year high

(Montel) German front-year power prices hovered close to their highest levels in 13 years on Wednesday as…

Read more

Gas front month rebounds amid higher CO2, low supplies

(Montel) European front-month gas firmed on Wednesday, supported by rising carbon prices and continued supply limitations.…

Read more

Uniper to close 505 MW UK coal capacity next year

(Montel) Uniper will shut one of four 505 MW units at its Ratcliffe-on-Soar coal-fired plant, in northern…

Read more

Indonesia sets August coal price at multi-year high

(Montel) Indonesia has set its August coal reference price at a multi-year high of USD 130.99/t, up…

Read more

Nordic power curve gains on dry weather outlook

(Montel) Nordic power futures continued to gain on Wednesday, as persistent dry weather forecasts continued to increase the…

Read more

Algerian gas flows to Italy cut by 25% until Friday – Eni

(Montel) Gas supply from Algeria to Italy has been cut by about 25% since Tuesday and could remain…

Read more

Olkiluoto test to proceed despite China problems – regulator

(Montel) Test production at Finland’s 1.6 GW Olkiluoto 3 nuclear reactor will proceed this autumn despite problems at…

Read more

Demand concerns continue to weigh on oil prices

(Montel) Crude oil prices traded flat to a shade down early on Wednesday as concerns over weaker demand…

Read more

German spot power to ease amid rising wind power

(Montel) German day-ahead power prices looked set to fall EUR 5 on Wednesday amid expectations of stronger…

Read more

German Greens pledge climate ministry with veto rights

(Montel) Germany’s Greens pledged to introduce a climate ministry with veto rights over other government portfolios if…

Read more

Carbon firms on thin permit supply, gas gains

(Montel) European carbon prices stood higher in Tuesday afternoon trading, buoyed by bullish technical signals, reduced auction…

Read more

Spain approves IFM’s partial takeover bid for Naturgy

(Montel) The Spanish government conditionally approved a EUR 5bn bid by Australian fund manager IFM for a…

Read more

Strong CO2 buoys German power market

(Montel) German front-year power rose on Tuesday amid higher carbon prices, while shorter term contracts were supported by…

Read more

Prompt gas backs down from Monday’s record high

(Montel) European gas prices eased lower on Tuesday morning as market participants pointed to a correction in…

Read more

Lignite tops German power mix in July

(Montel) Lignite-fired power was Germany’s biggest source of electricity last month – for the first time since September…

Read more

Nordic power futures hit fresh high on dry outlook

(Montel) Nordic power futures rose on Tuesday morning, with both Q4 and Q1 contracts hitting new record highs…

Read more

Europe LNG supply plunges 37% in July

(Montel) European and west Mediterranean LNG imports slumped 37% on the year in July as strong demand…

Read more

Gas becomes Germany’s main energy source – Ageb

(Montel) Gas became Germany’s main source of energy for the first time, displacing oil in the first…

Read more

UK fund manager acquires 50 MW solar farm

(Montel) UK asset manager Gresham House has acquired a 50 MW solar farm from UK renewables company Anesco…

Read more

Italy’s amended green energy law still falls short – experts

(Montel) Parliamentary amendments to a set of rules by the Italian government to boost green energy could still…

Read more

ERG to sell 527 MW hydropower portfolio to Enel for EUR 1bn

(Montel) Italian renewable energy operator ERG has agreed to sell its hydropower portfolio, with a capacity of 527…

Read more

BP’s global gas production slips but H1 earnings jump

(Montel) UK oil and gas major BP on Tuesday reported a slight 0.7% year-on-year decline in gas…

Read more

German spot power eyes EUR 100 amid low wind output

(Montel) German day-ahead power prices looked set to inch up to EUR 100 as forecasts showed wind…

Read more

Crude oil falls as coronavirus concerns persist

(Montel) Crude oil was falling on Tuesday as concerns about the impact of a third wave of the…

Read more

Belgian local authority approves 0.9 GW Engie gas plant

(Montel) The local authority in eastern Belgium has approved plans by French utility Engie to build an…

Read more

Record high gas buoys energy complex

(Montel) A continued rise in European gas prices to fresh record highs supported momentum across other energy…

Read more

Russian coal exports jump 9% in July

(Montel) Russian coal exports jumped nearly 9% year on year in July as exporters took advantage of…

Read more

Spanish power generation falls 7% in July – TSO

(Montel) Spanish power generation fell 6.9% year on year in July, to nearly 21.3 TWh, due to…

Read more

Carbon breaches EUR 55/t, eyes further gains

(Montel) European carbon allowances, buoyed by fresh record gas prices, climbed above EUR 55/t on Monday morning…

Read more

European gas contracts gain on supply concerns

(Montel) European gas prices rose on Monday to hit fresh highs amid persistent supply concerns surrounding the forthcoming…

Read more

Limited supply underpins coal market

(Montel) European coal prices hovered close to multi-year highs on Monday, underpinned by limited supply and persisting…

Read more

German Cal 22 power hits fresh high on gas surge

(Montel) German front-year power sustained its recent uptrend on Monday to hit a fresh 13-year high as bullishness…

Read more

UK renewables share declines to 2.5-year low

(Montel) Renewable power sources in July accounted for their lowest share of the UK’s power mix since…

Read more

Spanish spot power set for gain this week on low wind

(Montel) Spanish spot power prices looked set to rise this week amid expectations of lower wind production,…

Read more

French nuclear output jumps 21% on year in July

(Montel) French nuclear power generation rebounded 5.9 TWh, or 20.8%, year on year in July to 28.4…

Read more

Nordic Q4 power sets new high on dry weather, strong fuels

(Montel) Nordic front-quarter power was trading at a fresh record high on Monday amid drier weather forecasts, strong…

Read more

Galp buys 220 MW solar projects in Spain

(Montel) Portuguese energy company Galp has acquired more than 220 MW of solar projects from Enerland for…

Read more

Edison acquires 40 MW of wind power in Italy

(Montel) Italian energy company Edison has added 40 MW of new wind energy capacity raising its total installed…

Read more

European LNG terminals expect 1.2bcm this week

(Montel) LNG vessel arrivals at key European destinations could total around 1.2bcm this week, while July deliveries…

Read more

German spot power eyes 20% jump as wind output declines

(Montel) German day-ahead power prices looked set to rise over 20% on Monday amid a slump in…

Read more

Crude prices fall as Opec+ increases production

(Montel) Crude oil was lower early on Monday, as a new Opec+ agreement to increase output took effect…

Read more

Gas markets fall despite bullish indicators

(Montel) European gas prices were falling on Friday amid a technical correction that could extend into next week…

Read more

Lignite generation rebounds with high gas prices

(Montel) The competitiveness of emissions intensive lignite-fired power plants has reversed its slump this year – despite…

Read more

German Cal 22 power retraces on weakening fuels

(Montel) German front year power fell over EUR 1 on Friday, tracking similar losses in the gas and…

Read more

Gas prices correct down after bullish week

(Montel) European gas prices fell on Friday afternoon with traders attributing it to a correction after the market…

Read more

Bullish gas, power to buoy CO2

(Montel) European carbon prices were up on the week on Friday morning at around EUR 53/t amid bullish…

Read more

Nordic power futures rise on dry outlook, strong spot

(Montel) Nordic power futures closer in rose on Friday as a deficit in hydropower supply was expected to…

Read more

German spot power to surge next week as wind diminishes

(Montel) German spot power prices looked set to soar over 50% next week amid a lower wind…

Read more

Eni boosts 2021 renewable capacity target to 1.2 GW

(Montel) Italian energy company Eni has boosted its 2021 target for installed renewable capacity from 0.7 GW to…

Read more

LNG market faces supply shortfall to 2025 – Novatek

(Montel) The global LNG market faces a shortfall in supply until the middle of the decade due to…

Read more

Engie increases 2021 hedging volume to 93% at EUR 47/MWh

(Montel) Engie had hedged 93% of its expected 2021 European nuclear and hydropower production at EUR 47/MWh…

Read more

Glencore’s coal output falls 16% in H1

(Montel) Glencore produced 48.7m tonnes of predominantly thermal coal in the first half of 2021, down 16%…

Read more

RWE revises up full-year earnings outlook on strong trading

(Montel) German utility RWE has revised up its full-year earnings outlook for 2021 based on the performance of…

Read more

Spanish court dismisses Repsol from criminal probe

(Montel) Spain’s High Court dismissed energy company Repsol and its chairman Antonio Brufau from an investigation in…

Read more

Oil falls as coronavirus concerns continue to weigh

(Montel) Oil prices were falling on Friday as concerns about the impact of the coronavirus on demand continued…

Read more

Industry must embrace PPAs to boost competitiveness – Enel

(Montel) Industry should look to benefit more from long-term power purchase agreements (PPA) to mitigate the impact of…

Read more

Enel hedges 99% of 2022 capacity at EUR 60.70/MWh

(Montel) Italian utility Enel had hedged 99% of its domestic capacity for next year at EUR 60.70/MWh by…

Read more

Wind, gas dearth a concern for winter UK power – expert

(Montel) The UK faces spiralling power prices this winter should low gas stocks and limited renewable generation…

Read more

Coal rises to fresh 13-year high

(Montel) European prompt coal prices rose to new 13-year highs in Thursday trading as still limited near-term…

Read more

Montel uses cookies to improve this website. By continuing to use our website you agree to our use of cookies. Read more about cookies and our privacy policy.